Insurance Australia (IAG.AX)
Trading: SELL @ $7.15
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Insurance Australia (ASX:IAG) is in an downtrend in the medium term timeframe. The current rally number is 55 & the highest rally count for the LTM is 55. The highest rally for the month is 4
The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
PROFILE: Insurance Australia (IAG.AX)
Stock Exchange: ASX
Company: Insurance Australia
Ticker Codes: | IAG.AX | ASX:IAG |
Insurance Australia Group Limited underwrites general insurance products. The company operates through Consumer Division (Australia), Business Division (Australia), New Zealand, Asia, and Corporate and Other segments. It offers consumer insurance products, such as motor vehicle, home and contents, lifestyle and leisure, and compulsory third party, as well as travel insurance, life insurance, and income protection products; business insurance products, including business package, farm and crop, commercial property, construction and engineering, commercial and fleet motor, marine, workers' compensation, professional indemnity, directors' and officers', and public and products liability, as well as consumer credit, pleasure craft, boat, caravan, and travel insurance products. Insurance Australia Group Limited also provides rural and horticultural, and personal and commercial liability insurance products; and reinsurance products. The company sells its products directly to customers under the NRMA Insurance, SGIO, SGIC, CGU, and RACV brands; and through insurance brokers, authorized representatives, and distribution partners under the CGU, WFI, and Swann insurance brands in Australia. It also sells its products directly to customers under the State and AMI brands; through insurance brokers and authorized representatives under the NZI and Lumley Insurance brands; and through corporate partners under third party brands in New Zealand, as well as directly to customers under the Safety and NZI brands in Thailand, AAA brand in Vietnam, and Asuransi Parolamas brand in Indonesia. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1925 and is headquartered in Sydney, Australia.
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