The SMA 50 of Canadian Oil Recovery & Remediation Enterprises Ltd. is CAD$0 +100.00%
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.
Canadian Oil Recovery & Remediation Enterprises Ltd. provides full cycle oil waste management solutions to the petroleum industry. The company's operating lines include remediating oil-contaminated soil; treating sludge, oil based mud, and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. It serves customers in the upstream petroleum sector comprising oil production and drilling companies; and downstream petroleum sector, such as oil refinery, transportation, and distribution companies. Canadian Oil Recovery & Remediation Enterprises Ltd. has a strategic alliance with CANAR. The company is headquartered in Toronto, Canada.