WEIGHTED MOVING AVERAGE
Trading: BUY @ $3.94
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.
Midway (ASX:MWY) 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 -1.0%.
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: Midway (MWY.AX)
Stock Exchange: ASX
Ticker Codes: | MWY.AX | ASX:MWY |
Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.
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|