Trading: SELL @ $1.93
Signal Strength: MEDIUM
Fleetwood (ASX:FWD) currently has negative Volume MACD of -85824. This means the signal line is less than the Volume MACD line signalling a bearish movement.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Volume Moving Average Convergence/Divergence (VMACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).
Calculation: Moving Average Convergence Divergence Volume (VMACD):
1) VMACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of VMACD Line;
3) VMACD Histogram: VMACD Line - Signal Line;
PROFILE: Fleetwood (FWD.AX)
Stock Exchange: ASX
Ticker Codes: | FWD.AX | ASX:FWD |
Fleetwood Corporation Limited provides accommodation solutions and recreational vehicles in Australia and New Zealand. The company engages in the design, manufacture, and supply of accommodation for affordable housing, education, and commercial markets; and operation of accommodation villages. It also manufactures and sells caravans, pop-tops, and campers; and recreational and commercial vehicle parts and accessories, as well as supplies fiberglass canopies and aluminum trays for utility vehicles. Fleetwood Corporation Limited was founded in 1964 and is based in East Perth, Australia.
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