Moto Goldmines (MTO.AX)
RATE OF CHANGE
Trading: SELL @ $1.85
Signal Strength: MEDIUM
Moto Goldmines (ASX:MTO) currently has negative rate of change of -2.632%. 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
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
PROFILE: Moto Goldmines (MTO.AX)
Stock Exchange: ASX
Company: Moto Goldmines
Ticker Codes: | MTO.AX | ASX:MTO |
MotorCycle Holdings Limited operates as a motorcycle dealer in Australia. The company is involved in the sale of new motorcycles, used motorcycles, and accessories and parts; and finance, insurance, and warranty activities, as well as service and repair of motorcycles. It operates 34 franchises operated from 24 locations in Queensland, New South Wales, and the Australian Capital Territory. The company also owns and operates a rider training school and a motorcycle repair business that performs smash repair work for insurers. MotorCycle Holdings Limited was founded in 1989 and is based in Slacks Creek, Australia.
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