Corporate Travel Management

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Momentum Oscillator

Score

0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 25.8 0.67% 1.67% 4.2% -2.8% 25.5%
SHORT 14 24.1 0.36% 0.50% 11.9% -3.3% 26.5%

Summary

Technical Analysis


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: Corporate Travel Management (CTD.AX)


Stock Exchange: ASX
Company: Corporate Travel Management
Ticker Codes: | CTD.AX | ASX:CTD |

About Corporate Travel Management (ASX:CTD):

Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market worldwide. It operates in four segments: Travel Services Australia and New Zealand, Travel Services North America, Travel Services Asia, and Travel Services Europe. The company offers a range of corporate travel services, such as cost reduction, client onboarding, and travel technology services; sport travel services comprising corporate and VIP travel, group travel, and event management services; and event travel services. It also provides resource travel services consisting of bulk upload, shift management, and expense management products, as well as behavior analysis, charter negotiation, risk alert, and emergency evacuation services. The company was founded in 1994 and is headquartered in Brisbane, Australia.

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Momentum Oscillator

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