WEIGHTED MOVING AVERAGE
Trading: BUY @ $3.35
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.
Infratil (ASX:IFT) 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 6.3%.
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: Infratil (IFT.AX)
Stock Exchange: ASX
Ticker Codes: | IFT.AX | ASX:IFT |
Infratil Limited owns and operates infrastructure and utility businesses and investments in New Zealand, Australia, and the United States. It operates through seven segments: Trustpower, Tilt Renewables, Wellington International Airport, NZ Bus, Perth Energy, Associate Companies, and Other. The company generates electricity from hydro and wind farms, as well as offers retailing, electricity, natural gas, bottled LNG, and telecommunication services. It also supplies power to commercial and industrial customers; and provides bus transportation services, as well as snapper services to public transport agencies. In addition, the company engages in the development of utility-scale wind and solar generation throughout North America; and the provision of outsourced data center services to government and commercial entities. Further, it owns and manages a portfolio of commercial real estate properties; operates retirement living units and apartments; and provides student accommodation and social infrastructure services. The company owns and operates 22 hydro power stations with a total installed capacity of 516MW; and has 280,000 electricity customer connections, 31,500 gas customer connections, and 65,000 telecommunications customer connections. It also has 307 operating turbines across 7 wind farms with a total installed capacity of 582MW, as well as approximately 1000 buses and 7 depots in Auckland and Wellington regions. The company was incorporated in 1994 and is based in Wellington, New Zealand.
Weighted Moving AverageDownload
|BFC Beston Global Food||0.19||12.1||205,454||8.8||BULLISH CROSSOVER|
|PNR Pacific Niugini Minerals||0.18||9.1||888,016||7.1||BULLISH CROSSOVER|
|PMP PMP||0.19||5.7||62,582||1.1||BULLISH CROSSOVER|
|PME Pro Medicus||9.56||4.3||157,145||0.6||BULLISH CROSSOVER|
|AKP Audio Pixels Holdings||18||4||4,620||2.6||BULLISH CROSSOVER|
|OGC Oceanagold Corporation||4.04||2.8||216,296||2.1||BULLISH CROSSOVER|
|PRU Perseus Mining||0.38||2.7||2,552,138||2.2||BULLISH CROSSOVER|
|GAP Gale Pacific||0.38||2.7||49,402||0.3||BULLISH CROSSOVER|
|RFG Retail Food||0.4||2.6||221,660||1.8||BULLISH CROSSOVER|
|PGH Pact||3.53||2.3||1,286,908||1.3||BULLISH CROSSOVER|