WEIGHTED MOVING AVERAGE
Trading: BUY @ $0.98
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.
Maca (ASX:MLD) 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 -1.5%.
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: Maca (MLD.AX)
Stock Exchange: ASX
Ticker Codes: | MLD.AX | ASX:MLD |
MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.
Weighted Moving AverageDownload
|BRG Breville||15.27||2.8||364,874||-0.1||BEARISH CROSSOVER|
|FRI Finbar International||0.84||2.4||43,436||-0.4||BEARISH CROSSOVER|
|TGR Tassal||4.95||2.1||702,069||-1||BEARISH CROSSOVER|
|AWC Alumina||2.72||1.9||13,342,422||-0.5||BEARISH CROSSOVER|
|ONT 1300 Smiles||6.3||1.6||2,000||-1.5||BEARISH CROSSOVER|
|RBL Rib Loc||1.01||1.5||97,143||-5.2||BEARISH CROSSOVER|
|SKI Spark Infrastructure||2.3||1.3||5,819,538||-4.3||BEARISH CROSSOVER|
|ILU Iluka Resources||9.58||1.2||2,167,808||-0.9||BEARISH CROSSOVER|
|IPH Ipoh||5.95||1.2||639,337||-5.4||BEARISH CROSSOVER|
|GMA Genworth Mortgage Insurance Australia||2.48||0.8||343,691||-0.9||BEARISH CROSSOVER|