WEIGHTED MOVING AVERAGE
Trading: BUY @ $5.19
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.
Navitas (ASX:NVT) 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 -0.8%.
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: Navitas (NVT.AX)
Stock Exchange: ASX
Ticker Codes: | NVT.AX | ASX:NVT |
Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.
Weighted Moving AverageDownload
|EMH European Metals Holdings||0.38||18.8||120,674||2.1||BULLISH|
|EDE Eden Energy||0.11||18.3||18,226,541||23.9||BULLISH|
|MXI Maxitra Industries||0.54||5.9||29,549||0.4||BULLISH|
|FMG Fortescue Metals||3.97||4.5||17,327,462||6.8||BULLISH|
|COE Cooper Energy||0.49||4.3||2,132,013||0.2||BULLISH|
|TZN Terramin Australia||0.12||4.3||139,651||14.3||BULLISH|
|SWM Seven West Media||0.89||4.1||3,491,485||2||BULLISH|