WEIGHTED MOVING AVERAGE
Trading: SELL @ $11.42
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 downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.3%.
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: 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.
Weighted Moving AverageDownload
|NZK New Zealand King Salmon Investments||2.46||0||0||-0.1||BEARISH CROSSOVER|
|AMC Amcor||13.49||-0.1||2,058,978||-0.1||BEARISH CROSSOVER|
|FID Fiducian||4.1||-0.2||14,667||-0.1||BEARISH CROSSOVER|
|ERF Elanor Retail Property Fund||1.29||-0.4||1,193||-0.1||BEARISH CROSSOVER|
|PLG Propertylink||1.18||-0.4||1,424,518||-0.2||BEARISH CROSSOVER|
|QBE QBE Insurance||11.35||-0.4||3,028,981||-0.2||BEARISH CROSSOVER|
|IMD Imdex||1.24||-0.4||208,388||-0.5||BEARISH CROSSOVER|
|SCO Scottish Pacific||4.36||-0.5||395,747||0||BEARISH CROSSOVER|
|BOQ Bank Of Queensland||9.72||-0.6||1,437,504||-0.4||BEARISH CROSSOVER|
|CCL Coca-Cola Amatil||10.17||-0.7||1,568,609||-0.4||BEARISH CROSSOVER|