Trading: SELL @ $0.615
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.
Fairfax (ASX:FXJ) current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bearish trading conditions. Currently, the Lower Band is 0.6175.
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: Fairfax (FXJ.AX)
Stock Exchange: ASX
Ticker Codes: | FXJ.AX | ASX:FXJ |
Fairfax Media Limited operates as a digitally progressive media company in Australia and New Zealand. It operates through Domain Group, Metropolitan Media, Australian Community Media, New Zealand Media, Radio, and Other segments. The company engages in news coverage through print publications and multi-media channels, digital ventures, events, and research for local regional and agricultural communities. Its regional publications include The Canberra Times, Newcastle Herald, Launceston Examiner, Border Mail, Ballarat Courier, and Illawarra Mercury with approximately 160 local newspapers and community-based Websites; agricultural publications comprise The Land, Queensland Country Life, North Queensland Register, Stock Journal, Stock, and Land along with Farm Weekly; events comprise AgQuip and CRT Farmfest Field Days, as well as is involved in Tamworth country music festival; and offers research and agricultural database options for rural industries. The company's publications also include The Sydney Morning Herald, The Age, and The Australian Financial Review. In addition, it engages in digital publishing, online dating, weather services, e-health, online education, video-on-demand, online jobs search, and online tender businesses. Further, the company provides residential, commercial, and rural property marketing solutions and search tools for buyers, investors, sellers, renters, and agents through mobile and tablet apps, at domain.com.au, as well as through metropolitan and regional newspapers. Additionally, it has a portfolio of lifestyle-oriented products focused on running, swimming, food and wine, parenting, and the arts; and operates a news and entertainment site, stuff.co.nz. The company also operates news, talk, and sport radio stations in Sydney and Melbourne. Fairfax Media Limited was incorporated in 1990 and is headquartered in Sydney, Australia.
Moving Average EnvelopeDownload
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