Cash Converters International (CCV.AX)
SIMPLE MOVING AVERAGE
Trading: SELL @ $0.15
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Cash Converters International (ASX:CCV) currently has a confirmed downtrend. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 3.4%.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.
Calculation: Simple Moving Average:
1) SMA: n period sum / n;
PROFILE: Cash Converters International (CCV.AX)
Stock Exchange: ASX
Company: Cash Converters International
Ticker Codes: | CCV.AX | ASX:CCV |
Cash Converters International Limited operates as a franchisor of second hand goods and financial services stores under the Cash Converters brand name. The company operates through Franchise Operations, Store Operations, Personal Finance, and Vehicle Financing segments. It engages in the sale of franchises for the retail sale of second hand goods; the sale of master licenses for the development of franchises; and the retail sale of second hand goods, as well as in cash advance and pawn broking operations through corporate owned stores. It also provides personal loans; and Mon-E, which offers Internet platform and administration services for the Cash Converters network to provide small cash advance loans to their customers. The company operates 659franchised stores, including 196 stores in the United Kingdom, 83 stores in Australia, and 380 stores internationally. Cash Converters International Limited was founded in 1984 and is based in Perth, Australia.
Simple Moving AverageDownload
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