|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Folkestone Education (FET.AX)
SIMPLE MOVING AVERAGE
Trading: SELL @ $2.88
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.
Folkestone Education (ASX:FET) currently has a confirmed downtrend. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -1.4%.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.
Calculation: Simple Moving Average:
1) SMA: n period sum / n;
PROFILE: Folkestone Education (FET.AX)
Stock Exchange: ASX
Company: Folkestone Education
Ticker Codes: | FET.AX | ASX:FET |
The Folkestone Education Trust is the largest Australian ASX listed (ASX:FET) real estate investment trust (A-REIT) that invests in early learning properties. www.educationtrust.folkestone.com.au
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