Trading: SELL @ $1.63
Signal Strength: MEDIUM
Infomedia (ASX:IFM) currently has negative momentum of -0.095 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: Infomedia (IFM.AX)
Stock Exchange: ASX
Ticker Codes: | IFM.AX | ASX:IFM |
Infomedia Ltd., a technology company, develops and supplies electronic parts catalogues and service quoting software systems for the automotive industry in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company's parts solutions include Microcat LIVE, Microcat MARKET, and Auto PartsBridge that allow users to identify replacement parts manufactured by original equipment companies; and Microcat CRM, which connects the sales channel from original equipment manufacturer (OEM)s to wholesale customer. Its service solutions comprise Superservice Menus, Superservice Triage, Superservice Insight, Superservice Register, and Superservice Connect, which allow users and OEMs to deliver service performance for their customers. The company also provides data management products comprising lubricants recommendation database, lubrication and tune-up guide, and data consulting services. In addition, it engages in the information management, analysis, and creation for the automotive and oil industries. Infomedia Ltd. was founded in 1987 and is headquartered in Sydney, Australia.
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