Trading: SELL @ $1.885
Signal Strength: MEDIUM
Aveo (ASX:AOG) currently has negative momentum of -0.055 This means the current price is less than the price 14 days ago and therefore losing momentum.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
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: Aveo (AOG.AX)
Stock Exchange: ASX
Ticker Codes: | AOG.AX | ASX:AOG |
Aveo Group invests in, develops, and manages retirement villages in Australia. The company develops and operates retirement villages and aged care facilities. It also develops residential, commercial, and retail properties. In addition, the company is involved in the investment and management of retail, commercial, and industrial properties; and funds and asset management activities. It operates a portfolio of 90 senior living communities, including retirement living, freedom aged care, and residential aged care communities. The company was formerly known as FKP Property Group and changed its name to Aveo Group in November 2013. Aveo Group was founded in 1991 and is based in Sydney, Australia.
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