Moving averages are one of the core indicators in technical analysis. A Simple Moving Average (SMA) is simply the arithmetic average of stock price over a period. It is calculated by adding a selected range of prices, usually closing prices, and then dividing that figure by the number of time periods in that range.
The 50-Day SMA calculates the average price over 50 days. And the 20-Day SMA and 200-Day SMA calculates the average price over 20 days and 200 days separately.
As of today (2024-06-16), Essex Rental's 50-Day SMA is $N/A. It's 20-Day SMA is $N/A and 200-Day SMA is $N/A.
Competitive Comparison of Essex Rental's 50-Day SMA
For the Rental & Leasing Services subindustry, Essex Rental's 50-Day SMA, along with its competitors' market caps and 50-Day SMA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Essex Rental's 50-Day SMA Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Essex Rental's 50-Day SMA distribution charts can be found below:
* The bar in red indicates where Essex Rental's 50-Day SMA falls into.
Essex Rental (OTCPK:ESSX) 50-Day SMA Calculation
The formula for calculating SMA is:
SMA
=
( P1 + P2 + ... + Pn )
/
n
where:
Pn is the price of the stock at period n.
n is the total number of periods.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Essex Rental (OTCPK:ESSX) 50-Day SMA Explanation
Simple Moving Average (SMA) is the arithmetic average of stock price over a period. The 20-Day SMA calculates the average price over 20 days. And the 50-Day SMA and 200-Day SMA calculates the average price over 50 days and 200 days separately. SMAs are often used to determine the price trend direction. A 200-Day SMA is usually a proxy for the long-term trend, while shorter periods indicate short-term trend.
SMA are commonly compared with stock price or different period SMAs to indicate a trading signal. Generally speaking, if the price goes above the SMA, or a short-term SMA crosses above a long-term SMA, an uptrend is expected, investors may want to go long or cover short. Conversely, if the price goes below the SMA, or the short-term SMA crosses below a long-term SMA, a downtrend is expected, investors may want to go short or exit long.
Two popular trading patterns that use SMA include the death cross and a golden cross. A death cross occurs when the 50-day SMA crosses below the 200-day SMA. This is considered a bearish signal, that further losses are in store. The golden cross is a bullish signal which occurs when a short-term SMA crosses above a long-term SMA.
Essex Rental 50-Day SMA Related Terms
Thank you for viewing the detailed overview of Essex Rental's 50-Day SMA provided by GuruFocus.com. Please click on the following links to see related term pages.
Essex Rental Corp was incorporated in Delaware on August 21, 2006 as a blank check company whose objective was to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. On October 31, 2008, the Company consummated the acquisition of Holdings and its wholly-owned subsidiary, Essex Crane. Through its operating subsidiaries, Essex Crane and Coast Crane, it is one of North America's providers of lifting equipment including lattice-boom crawler cranes, truck cranes and rough terrain cranes, tower cranes, and other lifting equipment used in construction projects. Its products and services as grouped within the Company's three defined operating segments; equipment rentals; equipment distribution; and parts and service. It offers for rent, crawler cranes and attachments, rough terrain cranes, boom trucks, tower cranes, and other construction related rental equipment. Most attachments are rented separately and increase either the lifting capacity or the reach capabilities of the base crawler cranes and tower cranes. It also offers transportation, rigging and repair and maintenance services while equipment is on rent. It also provides repairs and maintenance services for customers that own their own equipment and request its services at one of its service center locations. Its target customers for these ancillary services are its current rental customers, customers that own their own equipment and those who purchase new and used equipment from the Company. Its parts and services operations are conducted through its Coast Crane subsidiary. Its operations are also subject to federal, state and local laws and regulations pertaining to occupational safety and health, most notably standards promulgated by OSHA. It is subject to various OSHA regulations that primarily deal with maintaining a safe work-place environment.
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