As distinct for S&P 500 case, both methods--2 days SMA and EMA can be used to predict Baltic States stock markets but exponential moving average method is preferable because of its lower range of percentage bias.
The accuracy of exponential moving average is higher because the bias level is lower and the frequency to make a forecast with the higher bias level is higher using 2 days simple moving average.
It's still in consolidation mode but is above its 200 period
exponential moving average and its 100 period
exponential moving average looks poised to cross up through the 200 therefore confirming strength of the uptrend and likelihood of a further move up.
Islamic Arab Insurance is sitting on its 200 period
exponential moving average in minor consolidation.
Thursday's close also puts the ADI above the 100 period
exponential moving average trend indicator.
The DFM found support on Thursday around the 1800 price area (previous resistance level) and the 100 period
exponential moving average.
It found resistance in the area of its 200 period
exponential moving average trend indicator (higher curved line in chart), a long-term trend indicator before turning down.
Next resistance area on the ADX is at the 200 period
exponential moving average around 2,952, followed by the 3,063 price area.
6 per cent Fibonacci level around 2131, followed by the 200 period
exponential moving average (blue curved line), which is now around 2424.
