HongDa SMA 50
What is the SMA 50 of HongDa?
The SMA 50 of HongDa Financial Holding Limited is HKD$0 -8.08%
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 Technology sector on HKSE compared to HongDa
What does HongDa do?
China Wood International Holding Co., Limited, an investment holding company, primarily engages in the trading of electronic components/materials in the People's Republic of China and Hong Kong. The company operates through four segments: Car Rental, Materials and Other Goods Trading, Financing Services and Investments, and Others. It is also involved in the car rental; money lending and property investment activities; and fund administration and public relation services. The company was formerly known as HongDa Financial Holding Limited and changed its name to China Wood International Holding Co., Limited in September 2020. The company was founded in 2009 and is based in Central, Hong Kong. China Wood International Holding Co., Limited is a subsidiary of Sino Merchant Car Rental Limited.
Companies with sma 50 similar to HongDa
- Heng Tai Consumables has SMA 50 of HKD$0 +2.39%
- AIC Mines has SMA 50 of AUD$0 -2.38%
- Revolve Renewable Power Corp has SMA 50 of CAD$0 -24.15%
- MultiPlan has SMA 50 of $0 -46.88%
- Casablanca has SMA 50 of HKD$0 -7.73%
- Clime Investment Management has SMA 50 of AUD$0 +4.78%
- HongDa has SMA 50 of HKD$0 -8.08%
- Leverage Sha Etp 2071 has SMA 50 of €0 -3.82%
- Risecomm has SMA 50 of HKD$0 -18.07%
- Minmetals Land has SMA 50 of HKD$0 -41.37%
- Tribeca Resources has SMA 50 of CAD$0 -16.13%
- Asensus Surgical Inc has SMA 50 of $0 +6.52%
- Nevada King Gold has SMA 50 of CAD$0 -1.74%