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New West Services SMA 200

What is the SMA 200 of New West Services?

The SMA 200 of New West Energy Services Inc. is CAD$0 +99.88%

What is the definition of SMA 200?



SMA 200 is an average stock price from the last 200 days calculated as an unweighted mean of the previous 200 stock closing prices.

Simple moving average of 200 days for a stock is an unweighted moving average over the past 200 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.

SMA 200 of companies in the Energy sector on TSXV compared to New West Services

What does New West Services do?

New West Energy Services Inc. provides waste management and environmental services to the drilling, completions, and production sectors of the oil and gas industry in Canada. The company operates through two business segments: Vacuum and Water Truck Services, and Environmental Services. Its environmental services cover drilling waste testing, disposal, and treatment; mud system management; disposal management and coordination; pipeline crossings project management; sump suitability assessments; spill response and management; pre-disturbance environmental assessments and approvals; and drilling and completions water management, including TDL application, sourcing, monitoring, and usage tracking. The company was formerly known as Lexacal Investment Corp. and changed its name to New West Energy Services Inc. in October 2007. New West Energy Services Inc. was incorporated in 1986 and is headquartered in Calgary, Canada.

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