|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Trading: SELL @ $2.38
Signal Strength: MEDIUM
NRW (ASX:NWH) currently has negative momentum of -0.01 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
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: NRW (NWH.AX)
Stock Exchange: ASX
Ticker Codes: | NWH.AX | ASX:NWH |
NRW Holdings Limited, through its subsidiaries, provides civil and mining contracting services to resource and infrastructure sectors in Australia. It operates through three business divisions: NRW Civil & Mining, Action Drill & Blast (ADB), and AES Equipment Solutions (AES). The NRW Civil & Mining division delivers private and public civil infrastructure projects, mine development and contract mining, waste stripping, and ore haulage. This division's civil construction projects include bulk earthworks, rail formation, concrete installation, and construction of roads; and mining projects comprise work in iron ore, coal, and gold. The ADB division provides contract drill and blast services to mining sector, including iron ore, gold, coal, and lithium mines; and civil projects throughout Australia. The AES division offers maintenance services to the mining and resources sectors comprising the fabrication of water and service trucks. The company also sells plants and tires. NRW Holdings Limited was founded in 1994 and is headquartered in Belmont, Australia.
|PME Pro Medicus||29.84||5.5||756,943||4.6||BULLISH|
|PRU Perseus Mining||0.77||5.5||5,309,460||0.13||BULLISH|
|DDR Dicker Data||7.37||4.7||121,663||0.55||BULLISH|
|RSG Resolute Mining||1.6||4.6||10,305,965||0.29||BULLISH|
|RCT Reef Casino||2.39||4.4||10,040||0.13||BULLISH|
|AQG Alacer Gold Corp||5.78||4||81,463||0.65||BULLISH|
|AHG Advance Healthcare||3.64||3.4||595,779||0.12||BULLISH|