There are two main reasons why moving averages are useful in forex trading:
- moving averages help traders define trend
- recognize changes in trend.
Now well have a look on, SMA50 & SMA200
The 50-day simple moving average (SMA) is used by traders as an effective trend indicator.
WNW has seen its SMA50 which is now -17.99%. In looking the SMA 200 we see that the stock has seen a -74.36%.
TIL has seen its SMA50 which is now -12.10%. In looking the SMA 200 we see that the stock has seen a -79.00%.
HOW TO USE THE 200 SMA WITH THIS FOREX STRATEGY
Now as an added measure to ensure you only trade with the main trend, the 200 SMA can be used a further filter.
- if 10 and 20 SMA are above the 200 SMA only take long positions.
- if 10 and 20 SMA are below the 200 SMA only take short positions.
On 03-30-2023 (Thursday) Shares of Meiwu Technology Company Limited (NASDAQ:WNW) encountered a difference of 0.84% after which it shut the day’ session at $0.18. The volume added 178,354 shares which compares with the average volume of 1.85M shares.
Meiwu Technology Company Limited, a China based Company, belongs to Internet Retail sector industry. Shares of Meiwu Technology Company Limited was among the active stocks of the last exchanging sessions.
Unpredictability:
The stock value instability stayed at 8.80% in recent month and ranges at 8.56% for the week. The Average True Range (ATR) is also a measure of volatility is presently sitting at 0.02. The firm demonstrates the market capitalization of $8.99M.
Important Results:
Meiwu Technology Company Limited has P/S value of 1.52 while its P/B esteem remains at 0.29. Likewise, the company has Return on Assets of -39.50%, Return on Equity of -38.10% and Return on Investment of 0. The company demonstrates Gross Margin and Operating Margin of 21.80% and -92.40% respectively.
Forward P/E of Meiwu Technology Company Limited is remaining at 0. Forward P/E is a measure of the price-to-earnings ratio using forecasted earnings for the P/E calculation for the next fiscal year.
Technical Analysis of Meiwu Technology Company Limited WNW:
The stock price moved with change of 12.69% to its 50 Day low spot and changed -43.85% contrasting with its 50 Day high point. WNW stock is as of now appearing down return of 1.63% all through a week ago and saw bearish return of -11.66% in one month span. The execution of company -7.59% in three months and -77.13% throughout the previous a half year exchanging period.
Tracking the closing price and 52-week high, the current price movement shows that the stock price positioned negative when compared against the 52-week high. As close of recent trade, stock represents -93.32%move from 52-week high. Tracing the 52-week low position of the stock, we noted that the closing price represents a 12.69% higher distance from that low value. Technical analysts compare a stock’s current trading price to its 52-week range to get a broad sense of how the stock is doing, as well as how much the stock’s pri
