Prime Television (PRT.AX)
WEIGHTED MOVING AVERAGE
Trading: SELL @ $0.2
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.
Prime Television (ASX:PRT) currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -7.0%.
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: Prime Television (PRT.AX)
Stock Exchange: ASX
Company: Prime Television
Ticker Codes: | PRT.AX | ASX:PRT |
Prime Media Group Limited provides commercial television broadcasting services in Australia. The company offers free-to-air television broadcasting services under the PRIME7 and GWN7 brands in the regional New South Wales, the Australian Capital Territory, regional Victoria, the Gold Coast area of Southern Queensland, and regional Western Australia. Prime Media Group Limited is based in Watson, Australia.
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