[BULLISH]: Starpharma Holdings 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 -0.7%.
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: Starpharma Holdings (SPL.AX)
Stock Exchange: ASX
Company: Starpharma Holdings
Ticker Codes: | SPL.AX | ASX:SPL |
Starpharma Holdings Limited engages in the research, development, and commercialization of dendrimer products for pharmaceutical, life-science, and other applications primarily in Australia and Canada. The company focuses on the development of VivaGel, which has completed Phase III clinical trials for the management and prevention of bacterial vaginosis, and as a condom coating for the prevention of sexually transmitted infections. It also develops dendrimer-enhanced, or DEP versions of existing drugs, including DEP docetaxel that is in Phase I clinical trial for breast, prostate, lung, and ovarian tumor. The company was founded in 1996 and is headquartered in Abbotsford, Australia.
Weighted Moving AverageDownload
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