Tennant Creek Gold (TNG.AX)
SIMPLE MOVING AVERAGE
Trading: SELL @ $0.105
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.
Tennant Creek Gold (ASX:TNG) currently has a confirmed downtrend. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.0%.
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: Tennant Creek Gold (TNG.AX)
Stock Exchange: ASX
Company: Tennant Creek Gold
Ticker Codes: | TNG.AX | ASX:TNG |
TNG Limited engages in the exploration, evaluation, and development of mineral properties in the Northern Territory and Western Australia in Australia. It explores for iron ore, vanadium, titanium, gold, lead, zinc, silver, nickel, and copper deposits. The company's flagship property is the 100% owned Mount Peake Vanadium-Titanium-Iron Project located to the northwest of Alice Springs in Arunta Geological Province in the Northern Territory. TNG Limited is based in Subiaco, Australia.
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