|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Gowing Bros (GOW.AX)
WEIGHTED MOVING AVERAGE
Trading: BUY @ $2.48
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Gowing Bros (ASX:GOW) currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 2.1%.
Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.
Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n
PROFILE: Gowing Bros (GOW.AX)
Stock Exchange: ASX
Company: Gowing Bros
Ticker Codes: | GOW.AX | ASX:GOW |
Gowing Bros. Limited operates as an investment and wealth management company in Australia. It operates through two divisions, Investment Management and Property Management. The Investment Management segment invests in securities listed on the Australian Stock Exchange in private equity vehicles, as well as loans, including mezzanine finance arrangements. The Property Management segment engages in the ownership and leasing of commercial properties; and the development and sale of residential and commercial properties. The company was founded in 1868 and is based in Pyrmont, Australia.
|MOY Millennium Minerals||0.13||13.6||1,861,319||8.7||BULLISH CROSSOVER|
|MLX Metals X||0.25||6.4||2,769,031||3.3||BULLISH CROSSOVER|
|OMH OM Holdings||0.86||5.5||28,581||3||BULLISH CROSSOVER|
|RMS Ramelius Resources||0.79||4.6||5,774,170||3.1||BULLISH CROSSOVER|
|CSR CSR||4.31||4.6||2,197,033||3.2||BULLISH CROSSOVER|
|ABC Adelaide Brighton||4.35||4.3||2,365,140||3.5||BULLISH CROSSOVER|
|DNA Donaco International||0.12||4.3||834,535||1.7||BULLISH CROSSOVER|
|EQT Equity Trustees||31.4||4.3||6,694||3.5||BULLISH CROSSOVER|
|GWA GWA||3.56||3.5||1,686,112||1.7||BULLISH CROSSOVER|
|GXY Galaxy Resources||1.33||3.5||3,778,711||1.9||BULLISH CROSSOVER|