|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
WEIGHTED MOVING AVERAGE
Trading: BUY @ $4.23
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.
Nearmap (ASX:NEA) 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 2.4%.
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: Nearmap (NEA.AX)
Stock Exchange: ASX
Ticker Codes: | NEA.AX | ASX:NEA |
Nearmap Ltd provides online aerial photomapping services in Australia and the United States. The company offers PhotoMap, an online content provider that creates current and changing maps. Its solutions are used in the architecture and engineering, construction, insurance, rail, property, roofing, and solar, as well as government industries. The company was formerly known as ipernica ltd and changed its name to Nearmap Ltd in November 2012. Nearmap Ltd was founded in 2000 and is headquartered in Barangaroo, Australia.
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