Trading: HOLD @ $3.4
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.
Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;
PROFILE: Myob (MYO.AX)
Stock Exchange: ASX
Ticker Codes: | MYO.AX | ASX:MYO |
MYOB Group Limited develops and publishes software in Australia and New Zealand. It operates through three segments: Clients and Partners, Enterprise Solutions, and Payment Solutions. The Clients and Partners segment offers accounting, payroll, tax, and other business management solutions that assist in the management of small and medium enterprise (SME) businesses; and completion of compliance, including tax and accounting through advisers. It provides its solution for SMEs and advisers, with secure bank transaction data from banks and other financial institutions, as well as accounting professionals in practice. The Enterprise Solutions segment offers business management software, such as enterprise resource planning, payroll and human capital management, and human resource management solutions for medium and large businesses. The Payment Solutions segment provides payment solutions for businesses of various sizes comprising payment gateway services, fraud management, merchant service facilities, and invoice payments. It also offers support, training, and services to SMEs and accounting professionals in practice. The company also provides practice management, job costing, inventory, and others services. It offers its support services through client service channels comprising a network of accountants, bookkeepers, and other consultants. The company was founded in 1991 and is based in Glen Waverley, Australia.
|AJX Alexium International||0.16||18.5||1,120,791||32||BULLISH|
|BAL Bellamys Australia||11.12||15.6||6,277,304||20||BULLISH|
|TNG Tennant Creek Gold||0.13||13.6||1,108,745||40||BULLISH|
|ATM Aneka Tambang||1.1||8.9||1,350||96||BULLISH|
|CLQ Clean Teq Holdings||0.35||6.1||952,642||44||BULLISH|
|CKF Collins Foods||7.62||5.2||433,211||96||BULLISH|
|EVO Evolve Education||0.22||4.9||50,300||20||BULLISH|
|PME Pro Medicus||18.71||4.8||285,946||68||BULLISH|