My Net Fone (MNF.AX)
Trading: SELL @ $4.42
Signal Strength: MEDIUM
My Net Fone (ASX:MNF) currently has negative momentum of -0.08 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: My Net Fone (MNF.AX)
Stock Exchange: ASX
Company: My Net Fone
Ticker Codes: | MNF.AX | ASX:MNF |
MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. It operates through three segments: Australian Domestic Retail; Australia/New Zealand Domestic Wholesale; and Global Wholesale. The company's products include MyNetFone that provides voice and Internet services; Symbio Networks, which offers IP voice carriage services and software through in-country voice infrastructure and platforms; Connexus corporate connectivity and cloud services; and CallStream that provides inbound business phone numbers. The company's products also iBoss, a software-as-a-service platform, which enables anyone to start and scale their own telecommunications business; TollShield, a real-time toll fraud mitigation software for networks and carriers; Pennytel, a VoIP home phone and ADSL Internet service provider; The Buzz, a money-saving budget home phone for PSTN customers; and OpenCA Softswitch delivers converged voice, data, and multi-media services for carriers and enterprises. It is also involved in the sale of audio conferencing and collaboration services to business customers; and the provision of hardware, equipment, and consulting services to support its products. The company was formerly known as My Net Fone Limited and changed its name to MNF Group Limited in October 2015. The company was founded in 2004 and is headquartered in Sydney, Australia.
|KGN Kogan||4.23||1||442,268||-0.07||BEARISH CROSSOVER|
|FLN Freelancer||0.65||0||140,649||-0.05||BEARISH CROSSOVER|
|WLL Wellcom||4.99||0||0||-0.01||BEARISH CROSSOVER|
|CAR Carsales||12.41||-0.2||1,742,671||-0.2||BEARISH CROSSOVER|
|DJW Djerriwarth Investments||3.19||-0.6||54,429||-0.01||BEARISH CROSSOVER|
|CCP Credit Corp||21.52||-0.9||184,919||-0.46||BEARISH CROSSOVER|
|APL Australian Plantation Timber||1.07||-0.9||346,961||-0.02||BEARISH CROSSOVER|
|PAC Pacsoft||5.62||-1.1||25,625||-0.03||BEARISH CROSSOVER|
|CQR Charter Hall Retail||4.54||-1.3||853,428||-0.01||BEARISH CROSSOVER|
|TWR Tower||0.69||-1.4||3,800||-0.02||BEARISH CROSSOVER|