Short-Term Moving Average

Short-Term Moving Average

The average price of a security over several days, calculated continuously. For instance, one may calculate a short-term moving average by adding the closing prices from each day for the past week and dividing by the number of trading days considered. As with all moving averages, short-term moving averages may or may not be weighted. Moving averages help smooth out noise that may be present in a security's price on a given trading day. See also: Simple Moving Average, Exponential Moving Average.
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On a technical perspective, AB Capital Securities said the index was tightly in between its six-month upward trend channel support and one-month downward trend channel resistance and sitting on top of its 35-day short-term moving average as the MACD (moving average convergence-divergence) indicator nears the zero-line.
For 2014, the index faced a support at around 7,500 point which prevented further drop and caused a turn around to higher level once again, leaving the medium-term moving average untouched, and locating the index little below its short-term moving average and higher than its previous support at 7,616 point.
In our previous analysis on Abu Dhabi Securities Market (ADX) General Index two months ago, we said that a strong reversal lifted up the index in Mid-September to the same level of its short-term moving average near 3,694 point, after being knocked down due to the heavy selloff on regional instability at the end of August and beginning of September, taking it below its short-term moving average and slightly below the (76.
There is 'technical momentum' behind the rally in the short term with the sighting of a positive 'golden cross' - this is when the short-term moving average price rises above the long-term moving average price in heavy trading volume - a sign of a bull market to come.
I have obtained much better correlation using a medium-term moving average for RDYRs and short-term moving average for OARs.
The daily closing price index is used as the short-term moving average.
4 percent level and above its short-term moving average on September 10th.
Currently, the near support seems to be holding, while the short-term moving average, which lies at 7,380 point now, gives another support to the index and preventing it from falling below.
On the other hand, the Nasdaq Composite (COMP) was able to buck the trend of the DJIA while finishing flat on the session and clinging to its short-term moving average.
Market players should keep a close eye on this region to see if the stock is able to remain above this key short-term moving average.

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