# Ale Property (LEP)

#### Ale Property (LEP): Signals

No data currently available.

TECHNICAL ANALYSIS SUMMARY

Ale Property (LEP.AX)

Indicator:

SINE WEIGHTED MOVING AVERAGE

Last Signal:

BEARISH

Signal Strength: STRONG
Recommendation:

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.

Ale Property (ASX:LEP) currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -0.2%.

A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.

Calculation: Sine Weighted Moving Average (SWMA):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den

PROFILE: Ale Property (LEP.AX)

Stock Exchange: ASX
Company: Ale Property
Ticker Codes: | LEP.AX | ASX:LEP |

ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainland states of Australia. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 13 years.

Top 10:

Sine Weighted Moving Average

Company Close Change (%) Volume Value Signal
CTD Corporate Travel Management 28.81 14.7 1,727,133 -5 BEARISH
AGG Anglogold Ashanti 4.16 8.3 21,558 -5.1 BEARISH
NEA Nearmap 2.57 7.5 3,461,849 -1.2 BEARISH
SXY Senex Energy 0.38 7.1 10,983,458 -3.3 BEARISH
RSG Resolute Mining 1.15 6.5 9,128,506 -5.3 BEARISH
MAH Macmahon 0.26 6.1 4,352,517 -11.7 BEARISH
AYS Amaysim Australia 0.95 5.6 94,182 -1.6 BEARISH
BSA Broadcast Services Australia 0.29 5.6 67,709 -3.9 BEARISH
FMG Fortescue Metals 6.69 5.4 22,842,445 -9.1 BEARISH
CLQ Clean Teq Holdings 0.33 4.8 1,404,811 -1.7 BEARISH