Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.
Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];
PROFILE: Amcor (AMC.AX)
Stock Exchange: ASX
Ticker Codes: | AMC.AX | ASX:AMC |
Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.
|MTO Moto Goldmines||2.6||8.3||43,680||-0.76||BEARISH|
|SMX Sms Management & Technology||0.26||8.3||240,688||-0.8||BEARISH|
|CCP Credit Corp||19.99||6||515,529||-2.27||BEARISH|
|CCV Cash Converters International||0.28||5.8||647,158||-0.05||BEARISH|
|SMN Structural Monitoring Systems||1.1||5.8||33,656||-0.05||BEARISH|
|MLX Metals X||0.49||5.4||1,505,780||-0.1||BEARISH|
|GNG GR Engineering Services||1.31||4.8||25,920||-0.1||BEARISH|
|HFR Highfield Resources||0.57||4.6||39,786||-0.06||BEARISH|