Sims (SGM)

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Sims (SGM): Signals

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TECHNICAL ANALYSIS SUMMARY

[BULLISH]: Sims is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 95. The highest rally for the month is 14



The Tricklar medium term trend indicator (T2) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (T2):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;


PROFILE: Sims (SGM.AX)


Stock Exchange: ASX
Company: Sims
Ticker Codes: | SGM.AX | ASX:SGM |

About Sims (ASX:SGM):

Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals. The company operates through four segments: North America Metals, Australia/New Zealand Metals, Europe Metals, and Global E-Recycling. It is involved in the collection, processing, and trading of iron and steel secondary raw materials; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials. The company also engages in the provision of environmentally responsible solutions for the disposal of post-consumer electronic products, including IT assets recycled for commercial customers; and environmentally responsible recycling of negative value materials, such as refrigerators, and other electrical and electronic equipment. In addition, it provides secondary processing and other services comprising the melting, refining, and ingoting of non-ferrous metals and others. The company was formerly known as Sims Group Limited and changed its name to Sims Metal Management Limited in November 2008. Sims Metal Management Limited was founded in 1917 and is headquartered in New York, New York.

Top 10:

2nd timeframe trend

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