The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.
Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);
PROFILE: Freedom Insurance (FIG.AX)
Stock Exchange: ASX
Company: Freedom Insurance
Ticker Codes: | FIG.AX | ASX:FIG |
Freedom Insurance Group Ltd. engages in the development, distribution, and administration of risk life insurance products in Australia. It offers funeral and other final expenses, and accidental death and injury insurance products; and term life, total and permanent disability, and trauma insurance products, as well as income and mortgage protection insurance products. The company distributes its products directly to consumers through its call center, as well as through a network of financial advisers. Freedom Insurance Group Ltd. was founded in 2009 and is based in Sydney, Australia.
|TRS Reject Shop||2.34||15.8||571,078||-3.85||BEARISH|
|CTD Corporate Travel Management||21.84||3.9||1,222,807||-20.45||BEARISH|
|OSP Osprey Medical||0.15||3.4||156,194||-27.36||BEARISH|
|LIC Lifestyles Communities||5.8||3.2||47,869||-6.45||BEARISH|
|APA Australian Pipeline Trust||9.15||3||4,157,836||-29.14||BEARISH|
|SMN Structural Monitoring Systems||1.02||3||29,633||-25.59||BEARISH|