SMA 200 of Just Energy Group, Inc.
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 Public Utilities sector on NYSE compared to Just Energy Group, Inc.
About Just Energy Group, Inc.
Just Energy Group Inc., through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers. It also provides solar energy solutions; carbon emissions solutions, such as carbon offsets and renewable energy credits; and smart thermostats. As of May 17, 2017, the company served two million residential and commercial customers. It markets its products through various sales channels comprising door-to-door marketing, brokers, online marketing, and others. The company was founded in 1997 and is based in Mississauga, Canada.
- Just Energy Group, Inc., 6345 Dixie Road, Mississauga L5T 2E6, Canada