SIMPLE MOVING AVERAGE
Trading: BUY @ $12.26
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.
Transurban (ASX:TCL) currently has a confirmed uptrend. This means the SMA 15 day average has exceeded the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.2%.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.
Calculation: Simple Moving Average:
1) SMA: n period sum / n;
PROFILE: Transurban (TCL.AX)
Stock Exchange: ASX
Ticker Codes: | TCL.AX | ASX:TCL |
Transurban Group develops, operates, maintains, and finances urban toll road networks. It holds interest in 15 toll roads in Melbourne, Sydney, and Brisbane in Australia; and the Greater Washington Area in the United States. The company is headquartered in Docklands, Australia.
Simple Moving AverageDownload
|EMH European Metals Holdings||0.4||14.3||44,010||-15.9||BEARISH|
|RSG Resolute Mining||1.15||6.5||9,128,506||-3.1||BEARISH|
|GOR Gold Road Resources||0.85||6.3||2,511,753||-1||BEARISH|
|PRU Perseus Mining||0.44||6||5,131,036||-4.2||BEARISH|
|CIA Champion Iron||1.59||5.7||299,939||-3.2||BEARISH|
|BSA Broadcast Services Australia||0.29||5.6||67,709||-5.6||BEARISH|