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: Finbar International (FRI.AX)
Stock Exchange: ASX
Company: Finbar International
Ticker Codes: | FRI.AX | ASX:FRI |
Finbar Group Limited, through its subsidiaries, develops and invests in properties in Australia. It primarily develops medium to high-density residential apartments and commercial office/retail properties; and rents its properties in Western Australia. The company was incorporated in 1984 and is based in East Perth, Australia.
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