The SMA 50 of Alliance Aviation Services Limited is AUD$3 -9.10%
SMA 50 is an average stock price from the last 50 days calculated as an unweighted mean of the previous 50 stock closing prices.
Simple moving average of 50 days for a stock is an unweighted moving average over the past 50 days. Moving averages will always exhibit a lag and the longer the period used for averaging the greater the lag will be. Because of the large amounts of data considered when calculating a long-term moving average, it takes a considerable amount of movement in the market to cause the moving average to change its course.
Using a moving average to confirm a trend in price is one of the most basic, yet effecting ways of using the indicator. Moving averages take into account what has already happened and a whole range of past events, which makes them such a good technical analysis tool for trend confirmations. Generally, a long-term moving average that is clearly on the upswing is a confirmation of a bullish trend. Conversely, a long-term moving average that is clearly on the downswing is a confirmation of a bearish trend.
Alliance Aviation Services Limited provides aviation services to tourism, resources, mining, education, government, corporate, and sporting sectors in Australia and internationally. The company also offers specialized aviation services, including aircraft wet leasing, airport management, aircraft trading, parts sales, engine leasing, and engineering to other airlines and clients. As of August 11, 2021, it operated a fleet of 7 E190, 24 Fokker F100, and 14 Fokker 70LR jet aircrafts; and 5 Fokker 50 turboprops aircrafts. The company was founded in 2002 and is based in Brisbane, Australia.