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: Gateway Lifestyle (GTY.AX)
Stock Exchange: ASX
Company: Gateway Lifestyle
Ticker Codes: | GTY.AX | ASX:GTY |
Gateway Lifestyle Group operates in the manufactured home estates sector in Australia. It operates through two segments, Operations and Development. The company develops, sells, and leases residential communities. As of June 30, 2017, it had 56 residential land lease communities located on the Australian eastern seaboard in New South Wales, Queensland, Victoria, and the Australian Capital Territory. Gateway Lifestyle Group was founded in 2009 and is headquartered in Bella Vista, Australia.
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