Frontier Digital Ventures (FDV.AX)
Trading: SELL @ $0.52
Signal Strength: MEDIUM
Frontier Digital Ventures (ASX:FDV) currently has negative momentum of -0.02 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: Frontier Digital Ventures (FDV.AX)
Stock Exchange: ASX
Company: Frontier Digital Ventures
Ticker Codes: | FDV.AX | ASX:FDV |
Frontier Digital Ventures Limited is a private equity firm specializing in investing in and developing online classifieds business. The firm prefers to invest in property and automotive verticals and general classifieds websites. Frontier Digital Ventures Limited was founded in 2014 and is based in Kuala Lumpur, Malaysia with an additional office in Melbourne, Australia.
|TRS Reject Shop||2.34||15.8||571,078||-0.17||BEARISH|
|AJX Alexium International||0.12||9.1||1,013,972||-0.01||BEARISH|
|OMH OM Holdings||1.49||7.2||432,734||-0.18||BEARISH|
|FIG Freedom Insurance||0.06||5.5||1,770,306||-0.03||BEARISH|
|CTD Corporate Travel Management||21.84||3.9||1,222,807||-6.6||BEARISH|
|OSP Osprey Medical||0.15||3.4||156,194||-0.05||BEARISH|