Magnum Mining and Exploration SMA 50
What is the SMA 50 of Magnum Mining and Exploration?
The SMA 50 of Magnum Mining and Exploration Limited is AUD$0 -1.60%
What is the definition of SMA 50?
SMA 50 is an average stock price from the last 50 days calculated as an unweighted mean of the previous 50 stock closing prices.
Simple moving average of 50 days for a stock is an unweighted moving average over the past 50 days. Moving averages will always exhibit a lag and the longer the period used for averaging the greater the lag will be. Because of the large amounts of data considered when calculating a long-term moving average, it takes a considerable amount of movement in the market to cause the moving average to change its course.
Using a moving average to confirm a trend in price is one of the most basic, yet effecting ways of using the indicator. Moving averages take into account what has already happened and a whole range of past events, which makes them such a good technical analysis tool for trend confirmations. Generally, a long-term moving average that is clearly on the upswing is a confirmation of a bullish trend. Conversely, a long-term moving average that is clearly on the downswing is a confirmation of a bearish trend.
SMA 50 of companies in the Materials sector on ASX compared to Magnum Mining and Exploration
What does Magnum Mining and Exploration do?
Magnum Mining and Exploration Limited engages in the exploration and evaluation of mineral properties. The company owns a 74% interest in the Gravelotte emerald project located in the Limpopo province of South Africa. It has a purchase agreement to acquire a 100% interest in the Buena Vista iron ore project located in Nevada, United States. The company was incorporated in 1986 and is based in Sydney, Australia.
Companies with sma 50 similar to Magnum Mining and Exploration
- Artemis Resources has SMA 50 of AUD$0 +9.09%
- CardioComm Solutions has SMA 50 of CAD$0 +45.16%
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- Magnum Mining and Exploration has SMA 50 of AUD$0 -1.60%
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- Blueberries Medical has SMA 50 of $0 +10.00%
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- Avidian Gold has SMA 50 of CAD$0 +88.67%