[BULLISH]: Aneka Tambang currently has positive rate of change of 1.935%. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.
Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.
Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100
PROFILE: Aneka Tambang (ATM.AX)
Stock Exchange: ASX
Company: Aneka Tambang
Ticker Codes: | ATM.AX | ASX:ATM |
PT Aneka Tambang Tbk operates as a diversified mining and metals company in Indonesia and internationally. The company operates through two segments, Nickel, and Gold and Refinery. The company is involved in the exploration, excavation, processing, and marketing of nickel ore, ferronickel, gold, silver, bauxite, and coal. It also engages in construction, trading, industry, agriculture, printing, and ground transportation business; manufacturing stainless steel; and providing industrial area management services. The company also exports its products. PT Aneka Tambang Tbk was founded in 1968 and is headquartered in Jakarta, Indonesia.
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