Oneview Healthcare (ONE.AX)
Trading: SELL @ $0.95
Signal Strength: MEDIUM
Oneview Healthcare (ASX:ONE) currently has negative momentum of -0.395 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: Oneview Healthcare (ONE.AX)
Stock Exchange: ASX
Company: Oneview Healthcare
Ticker Codes: | ONE.AX | ASX:ONE |
Oneview Healthcare PLC, a software and solutions company, designs, develops, implements, and sells software and related consultancy services for the healthcare sector in Ireland, the United States, Australia, and the Middle East and North Africa. The company offers Inpatient, a platform that allows active collaboration between patients and clinical staff; Connect, a mobile application; Senior Living solution; and Patient Pathways, a product, which targets the digitization of various clinical pathways. It serves hospitals and healthcare providers. Oneview Healthcare PLC was incorporated in 2012 and is headquartered in Dublin, Ireland.
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