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Ashoka Buildcon (NSE:ASHOKA) 50-Day SMA : ₹240.74 (As of Oct. 31, 2024)


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What is Ashoka Buildcon 50-Day SMA?

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 (2024-10-31), Ashoka Buildcon's 50-Day SMA is ₹240.74. It's 20-Day SMA is ₹239.72 and 200-Day SMA is ₹206.95.


Competitive Comparison of Ashoka Buildcon's 50-Day SMA

For the Engineering & Construction subindustry, Ashoka Buildcon'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.


Ashoka Buildcon's 50-Day SMA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ashoka Buildcon's 50-Day SMA distribution charts can be found below:

* The bar in red indicates where Ashoka Buildcon's 50-Day SMA falls into.



Ashoka Buildcon  (NSE:ASHOKA) 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.


Ashoka Buildcon  (NSE:ASHOKA) 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.


Ashoka Buildcon 50-Day SMA Related Terms

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Ashoka Buildcon Business Description

Traded in Other Exchanges
Address
Ashoka Marg, S. No. 861, Ashoka House, Vadala, Nashik, MH, IND, 422011
Ashoka Buildcon Ltd develops highways and is also active in power transmission and distribution. It operates in three segments: The construction and Contract Related Activities segment including Engineering, Procurement, and Construction activity of infra projects; the Build operate and transfer segment includes Annuity to develop infra developer under BOT & Annuity; and the Sale of Goods segment consists mainly of Sale of construction materials which includes RMC and Real estate. The company has its business operations across India. The majority of the revenue is generated from construction and contract-related activity.

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