WEIGHTED MOVING AVERAGE
Trading: BUY @ $0.74
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.
Danakali (ASX:DNK) currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.7%.
Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.
Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n
PROFILE: Danakali (DNK.AX)
Stock Exchange: ASX
Ticker Codes: | DNK.AX | ASX:DNK |
Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.
Weighted Moving AverageDownload
|EMH European Metals Holdings||0.4||14.3||44,010||-10||BEARISH|
|RSG Resolute Mining||1.15||6.5||9,128,506||-1.4||BEARISH|
|GOR Gold Road Resources||0.85||6.3||2,511,753||-0.6||BEARISH|
|PRU Perseus Mining||0.44||6||5,131,036||-2.8||BEARISH|
|CIA Champion Iron||1.59||5.7||299,939||-2||BEARISH|
|BSA Broadcast Services Australia||0.29||5.6||67,709||-2||BEARISH|