|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
RATE OF CHANGE
Trading: SELL @ $3.43
Signal Strength: MEDIUM
Midway (ASX:MWY) currently has negative rate of change of -5.51%. 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: Midway (MWY.AX)
Stock Exchange: ASX
Ticker Codes: | MWY.AX | ASX:MWY |
Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.
|RMS Ramelius Resources||0.77||15.9||8,313,251||-13.07||BEARISH|
|MOY Millennium Minerals||0.07||15.8||5,801,793||-40||BEARISH|
|DCN Dacian Gold||0.59||8.3||6,477,380||-61.81||BEARISH|
|GTN GTN Resources||1.06||8.2||143,270||-12.03||BEARISH|
|URF Us Masters Residential Property Fund||0.83||5.7||189,975||-17.82||BEARISH|
|MOC Mortgage Choice||1.13||5.1||144,151||-3.85||BEARISH|
|ONE Oneview Healthcare||0.21||5.1||191,184||-8.89||BEARISH|
|SDA Speedcast International||3.63||4.9||1,766,294||-3.97||BEARISH|
|CDV Cardinal Resources||0.33||4.8||434,144||-10.81||BEARISH|