Trading indicator
Momentum OscillatorBacktest results
| Position | Trades | Duration | Win rate | Win/loss | Avg win | Avg loss | Return |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Momentum Oscillator
Score
-2.5
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 12 | 23.9 | 0.33% | 0.40% | 1.0% | -4.9% | -45.1% |
| SHORT | 12 | 35.1 | 0.33% | 0.44% | 5.3% | -7.0% | -42.4% |
Summary
Technical Analysis
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: Macmahon (MAH.AX)
Stock Exchange: ASX
Company: Macmahon
Ticker Codes: | MAH.AX | ASX:MAH |
Macmahon Holdings Limited provides contract mining services to clients in Australia, New Zealand, South East Asia, Mongolia, and Africa. The company operates in three segments: Surface Mining, Underground Mining, and International Mining. It offers surface mining services, including mine planning and management, drill and blast, bulk and selective mining, crushing and screening, train loading, mining equipment usage, and mine management. The company also provides underground mining services, such as underground development and production, portal establishment, raise drilling, cable bolting, shotcreting, remote shaft lining, production drilling, and shaft sinking services. In addition, it offers engineering electrical, fabrication, infrastructure construction, and mechanical services; underground pumping and infrastructure construction services; and emergency egress systems, and conveying, crushing and materials handling systems. Further, the company provides complete on-site maintenance and plant management support services. Macmahon Holdings Limited was founded in 1963 and is headquartered in Perth, Australia.
Top 10:
Momentum Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| PME Pro Medicus | 30.58 | 16.1 | 617,868 | -0.13 | BEARISH |
| NEC Nine Entertainment | 1.95 | 8 | 11,923,272 | -0.03 | BEARISH |
| OMH OM Holdings | 0.68 | 7.9 | 108,965 | -0.23 | BEARISH |
| IPD Impedimed | 0.14 | 7.7 | 816,365 | -0.05 | BEARISH |
| IRI Integrated Research | 2.79 | 7.7 | 713,781 | -0.44 | BEARISH |
| CGC Consolidated Gaming Corporation | 3.79 | 7.7 | 2,950,452 | -0.51 | BEARISH |
| FLT Flight Centre | 47.14 | 7.5 | 819,161 | -6.05 | BEARISH |
| PNV Polynovo | 1.69 | 6.6 | 3,604,675 | -0.01 | BEARISH |
| JIN Jin | 19.81 | 6 | 421,617 | -0.5 | BEARISH |
| CCL Coca-Cola Amatil | 11.05 | 5.8 | 4,563,232 | -0.11 | BEARISH |