[BULLISH]: Pacific Energy 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 1.8%.
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: Pacific Energy (PEA.AX)
Stock Exchange: ASX
Company: Pacific Energy
Ticker Codes: | PEA.AX | ASX:PEA |
Pacific Energy Limited, together with its subsidiaries, develops, builds, operates, and manages electricity generation facilities in Australia. As of September 11, 2017, it owned and operated 21 diesel, gas, and duel-fuelled power stations with a total power generation capacity of approximately 272 MW; and 2 hydro power stations with a combined capacity of 6 MW located in Melbourne, Victoria. The company is based in Landsdale, Australia.
Weighted Moving AverageDownload
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