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: Downer EDI (DOW.AX)
Stock Exchange: ASX
Company: Downer EDI
Ticker Codes: | DOW.AX | ASX:DOW |
Downer EDI Limited operates as a services provider in Australia, New Zealand, the Asia-Pacific, South America, and Southern Africa. Its Transport segment engages in road, rail infrastructure, bridge, airport, and port businesses; and provides earthworks, civil construction, asset management, maintenance, surfacing and stabilization, open space and facilities management, and rail track signaling and electrification works services, as well as supplying bituminous products and logistics services. Its Utilities segment plans, designs, constructs, operates, maintains, manages, and decommissions power and gas network assets, as well as operates in the renewable energy business; provides pipeline bursting and civil maintenance solutions for municipal and industrial water users; and designs, builds, and maintains wind farms and turbine sites, and solar farms. This segment also offers feasibility, design, civil and network construction, commissioning, testing, and operation and maintenance services for fiber, copper, and radio networks; and data center, automated ticketing, and intelligent transport technology services. Its Rail segment offers passenger and freight build, operations and maintenance, component overhauls, and after-market services. Its Engineering, Construction and Maintenance segment provides design, engineering, construction, and maintenance services for greenfield and brownfield projects for various sectors in a range of stages of the project lifecycle. Its Mining segment provides asset management, blasting, crushing, exploration drilling, mine closure and site rehabilitation, mobile plant maintenance, open cut mining, tyre management, and underground mining services; supplies explosives; undertakes civil projects; and trains and develops ATSI employees. Its Spotless segment offers outsourced facility, catering and laundry, and technical and engineering services, as well as refrigeration solutions. The company is headquartered in North Ryde, Australia.
Moving Average EnvelopeDownload
|RND Rand Mining||2.55||8.5||7,333||281.41||BULLISH|
|CIA Champion Iron||2.12||5||1,223,895||177.78||BULLISH|
|SMX Sms Management & Technology||0.56||4.7||622,801||191.49||BULLISH|
|PRU Perseus Mining||0.48||4.3||4,667,981||116.28||BULLISH|
|ZIM Zimbabwe Platinum Mines||7.35||3.8||3,289||100.3||BULLISH|
|GOR Gold Road Resources||0.98||3.2||2,668,725||126.44||BULLISH|