The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.
Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);
PROFILE: Netcomm (NTC.AX)
Stock Exchange: ASX
Ticker Codes: | NTC.AX | ASX:NTC |
NetComm Wireless Limited develops and sells broadband products for telecommunications carriers, core network providers, system integrators, and government and enterprise customers worldwide. The company operates in two segments, Machine to Machine (M2M) Business and Broadband Business. The Machine to Machine (M2M) Business segment develops fixed wireless broadband, wireless M2M/industrial Internet of Things (IoT), and fiber and cable to the distribution FTTdp/CTTdp point technologies; and offers network terminating devices designed to advance global network performance, extend coverage, and meet the demands of M2M/industrial IoT and broadband markets. The Broadband Business segment supplies communication devices, such as entry level gateways; and high-performance devices that support triple play services covering high-speed data transmission, multi HD/4K IPTV, and over-the-top video streaming, as well as VoIP phone calls. This segment's products combine Wi-Fi with wired networking and powerline options to amplify connection to various devices throughout homes and offices. The company was formerly known as NetComm Limited and changed its name to NetComm Wireless Limited in December 2011. NetComm Wireless Limited was founded in 1982 and is headquartered in Sydney, Australia.
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