Trading: SELL @ $0.165
Signal Strength: MEDIUM
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
CSG (ASX:CSV) current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bearish trading conditions. Currently, the Lower Band is 0.1805.
Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.
Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);
PROFILE: CSG (CSV.AX)
Stock Exchange: ASX
Ticker Codes: | CSV.AX | ASX:CSV |
CSG Limited, together with its subsidiaries, provides print and business technology solutions in Australia and New Zealand. It operates through Business Solutions, Finance Solutions, and Other segments. The company supplies office printers and photocopiers, large format displays, monitors, and mobile devices. It also provides managed service based print and technology solutions, as well as leases and rents products for business technology assets. In addition, the company offers print solutions, including service and maintenance, and managed print, as well as track, control, and management solutions; and cloud solutions, such as cloud telephony, video conferencing, Boardroom as a Service, CSG total office, and mobile security solutions, as well as infrastructure, server, and storage solutions. Further, it provides managed IT solutions comprising managed devices, security, telephony and contact center, networks and infrastructure, and print services; strategic ICT planning and project services; and maintenance, user support, and service desk services. Additionally, the company offers display solutions that include interactive whiteboards, smart signage's, virtualization and cloud displays, monitors, and display solution support services; and smart phones and tablets. It serves corporate, commercial, education, and government customers, as well as small-to-medium enterprises. The company was founded in 1988 and is based in Melbourne, Australia.
Moving Average EnvelopeDownload
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