Ale Property (LEP.AX)
WEIGHTED MOVING AVERAGE
Trading: BUY @ $5.01
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.
Ale Property (ASX:LEP) 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 -2.7%.
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: 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.
Weighted Moving AverageDownload
|GBT Gbst Holdings||2.03||7.4||92,287||-5.3||BEARISH|
|CAJ Capitol Health||0.22||4.9||1,671,419||-0.5||BEARISH|
|OSP Osprey Medical||0.11||4.8||2,786,105||-0.1||BEARISH|
|RMS Ramelius Resources||0.78||4.7||12,120,343||-1.3||BEARISH|
|AJX Alexium International||0.12||4.5||277,220||-6.3||BEARISH|
|EHE Estia Health||2.61||4.4||2,092,756||-1.7||BEARISH|
|TPM Tpg Telecom||7.14||4.4||1,824,649||-3.2||BEARISH|
|ALL Aristocrat Leisure||24.63||4.3||3,355,800||-4.6||BEARISH|