WEIGHTED MOVING AVERAGE
Trading: BUY @ $7.64
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.
Jin (ASX:JIN) 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 1.9%.
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: Jin (JIN.AX)
Stock Exchange: ASX
Ticker Codes: | JIN.AX | ASX:JIN |
Jumbo Interactive Limited engages in the retail of lottery tickets through Internet and mobile devices. It operates through two segments, Internet Lotteries Australia and other. The company in involved in the sale of official government and charity lotteries through digital platforms. It operates OzLotteries.com Website that offers lottery tickets. Jumbo Interactive Limited was founded in 1995 and is headquartered in Toowong, Australia.
Weighted Moving AverageDownload
|AJX Alexium International||0.13||8.7||366,831||-2.4||BEARISH|
|SMX Sms Management & Technology||0.4||6.8||968,081||-1.3||BEARISH|
|GSC Global Geoscience||0.27||6||12,582,957||-2.1||BEARISH|
|EMH European Metals Holdings||0.42||5||113,806||-5.9||BEARISH|
|BAL Bellamys Australia||8.49||4.7||1,811,268||-9.5||BEARISH|
|FIG Freedom Insurance||0.09||4.6||311,520||-3.2||BEARISH|
|AYS Amaysim Australia||1.15||4.1||812,701||-2.6||BEARISH|