[BEARISH]: Bellamys Australia currently has negative momentum of -0.81 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2%.The largest downward momentum rally for the last 3 months is 11 days producing a return of -28.8%.
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];
|Company||Close||Close Change (%)||Volume||Value||Signal|
|BFC Beston Global Food||0.2||5.4||194,111||0.01||BULLISH|
|MGC Mg Unit Trust||0.33||4.8||615,817||0.01||BULLISH|
|MLX Metals X||0.67||4.7||1,243,653||0.31||BULLISH|
|PLS Pilbara Minerals||1.03||4.6||4,571,651||0.02||BULLISH|
|TNG Tennant Creek Gold||0.12||4.5||309,104||0.14||BULLISH|
|AQZ Alliance Aviation Services||1.93||4.3||8,615||0.01||BULLISH|
|CZZ Capilano Honey||16.43||3||1,984||0.05||BULLISH|
|MOY Millennium Minerals||0.19||2.8||380,212||0.05||BULLISH|