TRIANGULAR MOVING AVERAGE
Trading: SELL @ $2.65
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.
Kogan (ASX:KGN) currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -4.7%.
A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.
Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;
PROFILE: Kogan (KGN.AX)
Stock Exchange: ASX
Ticker Codes: | KGN.AX | ASX:KGN |
Kogan.Com Limited operates as an online retailer in Australia and internationally. It operates through Core Website Channels, New Verticals, and Other Revenue Streams segments. The company's product categories include groceries, consumer electronics, apparel and footwear, consumer appliances, home and garden, personnel and pet accessories, beauty and personal care, fashion, hardware, bathroom fittings, and anti-pest products, as well as baby, kids, and family; fitness and sports, outdoor and camping, and luggage; and pantry and other products. It also provides travel packages, as well as hotel and cruise booking services; and sells SIM cards and prepaid mobile phone plans through online. The company primarily sells private label and third party branded products. Kogan.Com Limited was founded in 2006 and is based in Melbourne, Australia.
Triangular Moving AverageDownload
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