Tpi Enterprises (TPE)

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Tpi Enterprises (TPE): Signals

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TECHNICAL ANALYSIS SUMMARY

Tpi Enterprises (TPE.AX)


Indicator:

SINE WEIGHTED MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $1.29
Signal Strength: STRONG
Recommendation:

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.


Tpi Enterprises (ASX:TPE) currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -0.8%.



A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.

Calculation: Sine Weighted Moving Average (SWMA):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den


PROFILE: Tpi Enterprises (TPE.AX)


Stock Exchange: ASX
Company: Tpi Enterprises
Ticker Codes: | TPE.AX | ASX:TPE |

About Tpi Enterprises (ASX:TPE):

TPI Enterprises Limited produces and distributes narcotic raw materials for pharmaceutical markets in Australia and Norway. It also produces and distributes poppy seeds for culinary markets; and pharmaceutical ingredients and finished dosage formulations for pharmaceutical markets. The company was founded in 2004 and is based in Docklands, Australia.

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