Trading: BUY @ $1.12
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.
Euroz (ASX:EZL) current price has driven Envelope Bands to become oversold signalling the continuation of short trading conditions. Currently, the Lower Band is 1.1495.
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: Euroz (EZL.AX)
Stock Exchange: ASX
Ticker Codes: | EZL.AX | ASX:EZL |
Euroz Limited, a diversified financial services company, provides stockbroking, corporate finance, funds management, investing, and wealth management services to institutional and corporate clients, and high net worth individuals primarily in Australia. It offers equities research, institutional dealing, and private clients dealing services, as well as corporate advisory services, including equity capital raising and underwriting, merger and acquisition, strategic planning and review, and privatization and reconstruction services. The company also raises equity capital through initial public offerings, placements, and rights issues; and provides strategic financial planning support services. Euroz Limited was founded in 1977 and is based in Perth, Australia.
Moving Average EnvelopeDownload
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