Trade Me (TME.AX)
TRIANGULAR MOVING AVERAGE
Trading: BUY @ $4.91
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.
Trade Me (ASX:TME) 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 3.4%.
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: Trade Me (TME.AX)
Stock Exchange: ASX
Company: Trade Me
Ticker Codes: | TME.AX | ASX:TME |
Trade Me Group Limited, together with its subsidiaries, operates and manages an online marketplace and classified advertising platform in New Zealand. It operates through General Items, Classifieds, and Other segments. The General Items segment engages in an online marketplace business. The Classifieds segment operates classified advertising sites for motors, property, and jobs. The Other segment engages in the online advertising, travel, dating, payments gateway, life and health insurance comparison, and general insurance businesses. The company also provides online vehicle data services; real estate and employment services; and other ancillary services. Trade Me Group Limited was founded in 1999 and is headquartered in Wellington, New Zealand.
Triangular Moving AverageDownload
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