Shine Corporate (SHJ.AX)
TRIANGULAR MOVING AVERAGE
Trading: SELL @ $0.67
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.
Shine Corporate (ASX:SHJ) currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 3.1%.
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: Shine Corporate (SHJ.AX)
Stock Exchange: ASX
Company: Shine Corporate
Ticker Codes: | SHJ.AX | ASX:SHJ |
Shine Corporate Limited provides damages based plaintiff litigation legal services in Australia; and insurance recovery consulting services in New Zealand. It operates through two segments, Personal Injury and Emerging Practice Areas. The company offers legal services related to personal injuries practice area, including medical negligence, public liability, catastrophic injuries, workers' compensation, and motor vehicle accidents; and other practice areas, such as disability insurance and superannuation claims, professional negligence, social justice, class actions, first party insurance recovery claims, landowners' rights, aviation, product liability, family law, and asbestos compensation. Shine Corporate Limited was founded in 1976 and is based in Brisbane, Australia.
Triangular Moving AverageDownload
|GCY Gascoyne Resources||0.11||11.1||1,637,598||-11.3||BEARISH|
|AYS Amaysim Australia||0.95||5.6||94,182||-0.1||BEARISH|
|CLQ Clean Teq Holdings||0.33||4.8||1,404,811||-20.7||BEARISH|
|OSP Osprey Medical||0.11||4.8||5,000||-8.3||BEARISH|
|SAR Saracen Mineral||3.05||4.8||5,818,759||-2.5||BEARISH|
|CAJ Capitol Health||0.26||4||395,180||-0.8||BEARISH|