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: Genesis Energy (GNE.AX)
Stock Exchange: ASX
Company: Genesis Energy
Ticker Codes: | GNE.AX | ASX:GNE |
Genesis Energy Limited generates, trades in, and sells electricity to homes and businesses in New Zealand. The company generates electricity from thermal, hydro, and wind sources. Its Customer segment supplies energy, including electricity, gas, and LPG to end-users, as well as provides related services. The company's Wholesale segment engages in the supply of electricity to the wholesale electricity market; supply of gas, LPG, and coal to wholesale customers and the customer segment; and purchase and sale of derivatives to fix the price of electricity. Its Kupe segment is involved in the exploration, development, and production of gas and petroleum products; and supply of gas and LPG to the wholesale segment, and light oil. The company's generation asset portfolio includes the Huntly power station with a generation capacity of 953 MW; 3 Tongariro hydro power stations with a generation capacity of 361.8 MW; Waikaremoana hydro power scheme comprising 3 power stations with a generation capacity of 36 MW, 60 MW, and 42 MW respectively; Tekapo power station with 187 MW generation capacity; and Hau Nui wind farm with 15 wind turbines. It sells electricity, natural gas, and LPG to approximately 505,000 customers under the Genesis Energy and Energy Online brands; and holds a 46% interest in the Kupe oil and gas fields located in Taranaki. The company was formerly known as Genesis Power Limited and changed its name to Genesis Energy Limited in September 2013. Genesis Energy Limited was incorporated in 1998 and is headquartered in Auckland, New Zealand.
|AXP Airxpanders Inc||0.04||13.9||692,845||-26.74||BEARISH|
|BFC Beston Global Food||0.17||10||198,167||-52.97||BEARISH|
|SXY Senex Energy||0.42||7.8||5,902,526||-16.02||BEARISH|
|EMH European Metals Holdings||0.41||6.5||10,000||-35.78||BEARISH|
|MNS Milnes Holdings||0.35||6.1||1,136,949||-12.44||BEARISH|
|GEM G8 Education||2.84||5.6||7,720,375||-29.73||BEARISH|