TRIANGULAR MOVING AVERAGE
Trading: BUY @ $0.625
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.
Thorn (ASX:TGA) currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.8%.
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: Thorn (TGA.AX)
Stock Exchange: ASX
Ticker Codes: | TGA.AX | ASX:TGA |
Thorn Group Limited, together with its subsidiaries, provides a range of financial solutions to consumers and businesses in Australia. It is involved in the leasing of household products to consumers; and provision of leasing and other financial services to small and medium size enterprises under the Radio Rentals name. The company also engages in the provision of loans, commercial finance, and receivables management services. Thorn Group Limited was founded in 1937 and is based in Chullora, Australia.
Triangular Moving AverageDownload
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|PRT Prime Television||0.24||4.4||3,836,921||8.3||BULLISH|
|CCV Cash Converters International||0.26||4||41,882||7.4||BULLISH|
|MNS Milnes Holdings||0.35||3||608,253||20.2||BULLISH|
|MNF My Net Fone||4.22||2.9||934,291||9.6||BULLISH|
|PPC Peet & Company||1.06||2.9||131,457||6.4||BULLISH|
|REH Reece Australia||10.18||2.8||84,486||4.4||BULLISH|