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EVRAZ Plc SMA 50

What is the SMA 50 of EVRAZ Plc?

The SMA 50 of EVRAZ Plc is GBX1 +99.00%

What is the definition of SMA 50?



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.

SMA 50 of companies in the Materials sector on LSE compared to EVRAZ Plc

What does EVRAZ Plc do?

EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products in Russia, the Americas, Asia, Europe, CIS, Africa, and internationally. It operates through four segments: Steel; Steel, North America; Coal; and Other Operations. The company offers steel products; various coking coal blends, including hard, semi-hard, and semi-soft; and value-added products, such as infrastructure steel, rails, large diameter pipes, and tubular goods. Its products are used in construction, rail infrastructure, and engineering and mining industries. The company is also involved in the extraction of vanadium ore; production of vanadium products; iron ore and coal mining and enrichment; and energy-generation, shipping, and railway transportation businesses. EVRAZ plc was founded in 1992 and is based in London, the United Kingdom.

Companies with sma 50 similar to EVRAZ Plc