Danakali (DNK)

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Danakali (DNK): Signals

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TECHNICAL ANALYSIS SUMMARY

Danakali (DNK.AX)


Indicator:

MOMENTUM


Last Signal:

BEARISH


Trading: SELL @ $0.74
Signal Strength: MEDIUM
Recommendation:

Danakali (ASX:DNK) currently has negative momentum of -0.04 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: Danakali (DNK.AX)


Stock Exchange: ASX
Company: Danakali
Ticker Codes: | DNK.AX | ASX:DNK |

About Danakali (ASX:DNK):

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.

Top 10:

Momentum Oscillator

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FMG Fortescue Metals 6.69 5.4 22,842,445 0 NEUTRAL
ATM Aneka Tambang 0.96 2.1 1,000 0 NEUTRAL
DCG Decmil 0.8 1.9 271,267 0 NEUTRAL
GGG Greenland Minerals 0.06 1.8 1,549,138 0 NEUTRAL
PLS Pilbara Minerals 0.68 1.5 4,578,272 0 NEUTRAL
EHE Estia Health 2.49 1.2 812,777 0 NEUTRAL
OML Ooh!Media 3.98 0.8 945,914 0 NEUTRAL
ARG Argo Investments 7.7 0.8 135,943 0 NEUTRAL
WEB Webjet 11.37 0.3 865,820 0 NEUTRAL
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