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.
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.
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