Southern Cross Media (SXL)

Download button icon Download

Southern Cross Media (SXL): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Southern Cross Media (SXL.AX)


Indicator:

SUPERTREND


Last Signal:

BEARISH


Trading: SELL @ $1.13
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Southern Cross Media (ASX:SXL) has a current Supertrend of 1.2215. This has change 0 points from yesterday.



The Supertrend is a trend following indicator which identifies uptrends and downtrends. The SuperTrend indicator is calculated utilising the ATR to offset the indicator from the common price. Before understanding the supertrend indicator, understanding the ATR is essential as super trend employs ATR values to calculate the indicator values. This indicator fluctuates above and below 0 signalling the current direction of the trend. This is a lagging trend indicator that assists in defining trend directions does not perform well in ranging markets.

Calculation: Supertrend (SUP) :
1) Basic Upper band = (High + Low) / 2 + Multiplier * ATR;
2) Basic Lower band = (High + Low) / 2 - Multiplier * ATR
3) Final Upper band = IF((Basic Upper band < Final Upper band(yest)) OR (Close(yest) > Previous Final Upper band(yest))) THEN (Basic Upper band) ELSE Final Upper band(yest));
4) Final Lower band = IF((Basic Lower band > Final Lowerband (yest)) OR (Close(yest) < Final Lower band(yest))) THEN (Basic Lower band) ELSE Final Lower band(yest));
5) Supertrend = IF(Close <= Final Upper band ) THEN Final Upper band ELSE Final Lower band;
Where Multiplier = 3; Period=14


PROFILE: Southern Cross Media (SXL.AX)


Stock Exchange: ASX
Company: Southern Cross Media
Ticker Codes: | SXL.AX | ASX:SXL |

About Southern Cross Media (ASX:SXL):

Southern Cross Media Group Limited engages in the creation and broadcasting of content on free to air commercial radio, TV, and online media platforms in Australia. The company owns 140 radio stations across 68 markets; and owns 19 regional free to air television licenses that cover 30 regional sub markets. It provides online advertising and integration through approximately 85 Websites; and develops microsites, mobile apps, online videos, and social media campaigns for clients. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia.

Top 10:

Supertrend

Download button icon Download
Company Close Change (%) Volume Value Signal
ISD Isentia 0.31 41.9 9,321,339 0.1 BULLISH
AXP Airxpanders Inc 0.04 20 3,531,549 -0.02 BULLISH
EDE Eden Energy 0.08 16.9 25,070,313 -0.01 BULLISH
GEM G8 Education 2.69 11.6 11,300,583 0.4 BULLISH
APX Appen 12.46 11.5 1,806,225 2.6 BULLISH
FIG Freedom Insurance 0.06 9.3 846,374 -0.02 BULLISH
MOY Millennium Minerals 0.2 8.1 273,345 -0.02 BULLISH
TZN Terramin Australia 0.14 8 359,269 0.02 BULLISH
EWC Energy World Corporation 0.17 6.5 13,824 0.02 BULLISH
BWX BWX 3.14 6.1 748,282 -0.14 BULLISH
back to top