h00ts,
Here are a few comments in relation to the usage of 200 EMA.
Should it be always applied? I can definitely say it may not be relevant for some stocks such as FMG.
What is the reason?
Strictly speaking mathematically, the EMA is a very monotonic function. However as we know the IOP prices can move dramatically. For example the recent IOP move was from over $220 (middle July) to $130 within a few weeks. Obviously the SP has followed this move but not at the same degree. As a result the FMG chart has crossed the 200 EMA.
Is it important? Probably not very much in the aspect of comparison with the 200 EMA.
irynka
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B |
Open | High | Low | Value | Volume |
$18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1990 | $18.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.76 | 47022 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1990 | 18.750 |
1 | 160 | 18.700 |
1 | 18 | 18.660 |
2 | 6000 | 18.650 |
1 | 2000 | 18.640 |
Price($) | Vol. | No. |
---|---|---|
18.780 | 1700 | 2 |
18.800 | 2800 | 2 |
18.820 | 200 | 1 |
18.850 | 7661 | 3 |
18.860 | 1242 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |