WEIGHTED MOVING AVERAGE
Trading: SELL @ $6.2
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.
Gentrack (ASX:GTK) currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below 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: Gentrack (GTK.AX)
Stock Exchange: ASX
Ticker Codes: | GTK.AX | ASX:GTK |
Gentrack Group Limited engages in the development, integration, and support of enterprise billing and customer management software solutions for the energy and water utility, and airport industries worldwide. It operates in two segments, Utility Billing Software and Airport Management Software. The company's primary software products include Gentrack Velocity, Junifer, Airport 20/20, BlipTrack, and Concessionaire Analyzer+ (CA+). The company's Velocity and Junifer solutions provide billing and customer management solutions for energy and water suppliers. Its Airport 20/20, BlipTrack, and CA+ offers a solution suite to connect and unlock the airport operations, revenues, concessions, and passengers data. The company was founded in 1989 and is headquartered in Auckland, New Zealand.
Weighted Moving AverageDownload
|BFC Beston Global Food||0.19||12.1||205,454||-2.9||BEARISH|
|PNR Pacific Niugini Minerals||0.18||9.1||888,016||-2.8||BEARISH|
|BKY Berkeley Resources||0.23||4.7||246,749||-2.7||BEARISH|
|PME Pro Medicus||9.56||4.3||157,145||-14.6||BEARISH|
|AKP Audio Pixels Holdings||18||4||4,620||-4.4||BEARISH|
|TRS Reject Shop||2.43||3.8||132,067||-1.6||BEARISH|