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.
Rate of ChangeDownload
|GZL Gazal Corporation||4.29||19.2||52,882||27.72||BULLISH|
|IRI Integrated Research||2.49||8.3||567,896||5.49||BULLISH|
|AJM Altura Mining||0.17||6.5||2,423,817||5||BULLISH|
|KDR Kidman Resources||1.23||5.2||2,238,007||15.39||BULLISH|
|EMH European Metals Holdings||0.42||3.8||23,137||11.84||BULLISH|
|SAS Sky And Space Global||0.05||3.8||3,713,298||6.27||BULLISH|