WEIGHTED MOVING AVERAGE
Trading: SELL @ $6.83
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.
Link (ASX:LNK) currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.3%.
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: Link (LNK.AX)
Stock Exchange: ASX
Ticker Codes: | LNK.AX | ASX:LNK |
Link Administration Holdings Limited provides technology-enabled outsourced administration services to companies, asset owners, and trustees in Australia and internationally. The company operates through three segments: Fund Administration; Corporate Markets; and Information, Digital and Data Services. The Fund Administration segment provides administration services to superannuation funds; and an integrated platform solution to its clients covering various front, middle, and back office administration functions. The Corporate Markets segment offers a comprehensive and integrated corporate market offering that connects issuers with their stakeholders. Its services include shareholder management and analytics, stakeholder engagement, share registry, employee share plans, and company secretarial. The Information, Digital and Data Services segment provides core services of development and maintenance of proprietary IT systems and platforms, and value-added services of data analytics, digital solutions, and digital communications, as well as supports fund administration, corporate markets, and external clients. It also provides value-added services, including data management analytics, digital communication, and stakeholder education and advice. The company was formerly known as Link Administration Holdings Pty Limited and changed its name to Link Administration Holdings Limited on August 17, 2016. Link Administration Holdings Limited was incorporated in 2006 and is headquartered in Sydney, Australia.
Weighted Moving AverageDownload
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