[BEARISH]: Mount Gibson Iron currently has negative rate of change of -4.545%. This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.
Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.
[Calculation] Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100
Rate of ChangeDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|MGC Mg Unit Trust||0.33||4.8||615,817||3.9||BULLISH|
|MLX Metals X||0.67||4.7||1,243,653||7.7||BULLISH|
|PLS Pilbara Minerals||1.03||4.6||4,571,651||4.06||BULLISH|
|TNG Tennant Creek Gold||0.12||4.5||309,104||8.43||BULLISH|
|GDF Garda Diversified Property Fund||1.3||4||137,261||0.96||BULLISH|
|CZZ Capilano Honey||16.43||3||1,984||5.5||BULLISH|
|EOS Electro Optic Systems Holdings||2.88||2.9||17,061||11.3||BULLISH|