[BEARISH]: Freedom Nutritional Products currently has negative momentum of -0.29 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 2.4%.The largest downward momentum rally for the last 3 months is 2 days producing a return of 0%.
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: Freedom Nutritional Products (FNP.AX)
Stock Exchange: ASX
Company: Freedom Nutritional Products
Ticker Codes: | FNP.AX | ASX:FNP |
Freedom Foods Group Limited engages in sourcing, manufacturing, selling, marketing, and distributing specialty cereal and snacks in Australia and internationally. It offers gluten free, wheat free, nut free, nutritional oat based, low sugar or salt, or highly fortified products, such as breakfast cereals, snack bars, and other complimentary products. The company also provides UHT food and beverage products, including liquid stocks, soy, rice, almond, and dairy milk beverages; canned seafood products comprising sardines, salmon, and specialty sea foods; and nutritional powders, bars, and drinks. In addition, it invests in dairy farming operations. The company is based in Taren Point, Australia. Freedom Foods Group Limited is a subsidiary of Arrovest Pty Limited.
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