Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Momentum Oscillator

Score

-0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 37 11.0 0.41% 0.60% 2.6% -1.6% -2.0%
SHORT 37 9.5 0.27% 0.34% 2.6% -1.9% -27.5%

Summary

Technical Analysis


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: Navitas (NVT.AX)


Stock Exchange: ASX
Company: Navitas
Ticker Codes: | NVT.AX | ASX:NVT |

About Navitas (ASX:NVT):

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.

Top 10:

Momentum Oscillator

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Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.08 10.8 945,847 0.02 BULLISH
PNV Polynovo 1.4 9.8 3,261,201 0.2 BULLISH
GGG Greenland Minerals 0.14 8 2,362,420 0.01 BULLISH
CLQ Clean Teq Holdings 0.32 6.7 1,263,824 0.03 BULLISH
NAN Nanosonics 5.6 5.7 3,678,008 1.2 BULLISH
MVF Monash IVF 1.46 5.4 1,302,784 0.3 BULLISH
BSA Broadcast Services Australia 0.3 5.3 140,508 0.03 BULLISH
OMH OM Holdings 0.91 5.2 125,747 0.16 BULLISH
MAH Macmahon 0.21 5.1 1,402,377 0.02 BULLISH
MEZ Meridian Energy 4.41 5 29,189 0.51 BULLISH