[BULLISH]: Danakali currently has positive momentum of 0.12. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -1.8%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 23.1%.
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|
|BLA Blue Sky||1.96||21.8||1,451,562||0.56||BULLISH|
|RAP Resapp Health||0.15||15.4||2,521,448||0.04||BULLISH|
|MIN Mineral Resources||16.58||8.3||1,585,071||1.31||BULLISH|
|LNG Liquefied Natural Gas||0.61||7||4,110,932||0.06||BULLISH|
|AJX Alexium International||0.16||6.9||960,302||0.03||BULLISH|
|GZL Gazal Corporation||3.25||6.6||13,082||0.2||BULLISH|
|DNA Donaco International||0.18||5.9||888,854||0.03||BULLISH|