[BEARISH]: Centuria Industrial currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -0.4%.
A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.
Calculation: Sine Weighted Moving Average (SWMA):
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
PROFILE: Centuria Industrial (CIP.AX)
Stock Exchange: ASX
Company: Centuria Industrial
Ticker Codes: | CIP.AX | ASX:CIP |
Centuria Industrial REIT (ASX: CIP) offers investors a chance to invest in industrial property via a listed property trust. CIP is Australia's largest ASX listed income focused industrial investment vehicle and is included in the S&P ASX300 index. CIP owns a portfolio of 39 high quality industrial assets with a value exceeding $1 billion, the properties are located in key metropolitan locations throughout Australia.
Sine Weighted Moving AverageDownload
|TZN Terramin Australia||0.1||9.9||117,532||0.8||BULLISH|
|IRI Integrated Research||2.78||7.8||430,094||9.1||BULLISH|
|BPT Beach Petroleum||2.04||6||25,271,336||3.5||BULLISH|
|UOS United Overseas Australia||0.66||4.8||75,400||4||BULLISH|
|OMH OM Holdings||1.44||3.2||1,901,245||0.5||BULLISH|
|GCS Global Construction Services||0.68||3.1||409,051||6.3||BULLISH|