TRIANGULAR MOVING AVERAGE
Trading: BUY @ $17.51
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.
Orica (ASX:ORI) currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -0.1%.
A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.
Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;
PROFILE: Orica (ORI.AX)
Stock Exchange: ASX
Ticker Codes: | ORI.AX | ASX:ORI |
Orica Limited engages in the manufacture and distribution of commercial explosives and blasting systems, and mining and tunneling support systems to the mining and infrastructure markets in Australia, the United States, and internationally. The company offers bulk systems, electronic blasting systems, initiating systems, packaged explosives, and blasting services to the surface and underground mining, civil tunneling, quarrying, construction, and oil and gas markets. It also offers mining chemicals comprising sodium cyanide and emulsifiers, as well as offers a range of service solutions consisting of mineral recovery, cyanide handling and use, and onsite technical support. In addition, the company provides chemical and mechanical earth control products, adhesives, and ground support equipment, including steel bolts and plates, glass fiber reinforced polymer bolts, injectable chemicals and foams, mesh, resin capsules, cementitious grouts and coatings, pumps, soil anchoring systems, ballast bonding polymers, and accessories, as well as engineering services for the underground mining, construction, tunneling, and civil engineering industries. Orica Limited was founded in 1874 and is headquartered in East Melbourne, Australia.
Triangular Moving AverageDownload
|MTO Moto Goldmines||1.85||8.8||155,254||-2.6||BEARISH|
|IRI Integrated Research||2.49||8.3||567,896||-7.5||BEARISH|
|AXP Airxpanders Inc||0.03||6.7||158,933||-8.2||BEARISH|
|AJM Altura Mining||0.17||6.5||2,423,817||-15.8||BEARISH|
|SFR Sandfire Resources||7.06||6||1,338,899||-18.1||BEARISH|
|CCP Credit Corp||21.16||5.3||229,040||-9.8||BEARISH|
|KDR Kidman Resources||1.23||5.2||2,238,007||-18.1||BEARISH|