The SMA 50 of Mosman Oil and Gas Limited is GBX0 -30.16%
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.
Mosman Oil and Gas Limited engages in the exploration, development, and production of oil and gas projects in Australia and the United States. The company holds a 100% interest in the Amadeus Basin in central Australia; and holds interests in the Arkoma, Stanley, Greater Stanley, Challenger, Champion, and Baja oil and gas producing assets in the United States. It has a strategic partnership with Baja Oil and Gas LLC. The company was formerly known as Mosman Minerals Limited and changed its name to Mosman Oil and Gas Limited in December 2012. Mosman Oil and Gas Limited was founded in 2011 and is headquartered in Sydney, Australia.