Trading indicator
Momentum OscillatorTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Momentum Oscillator
Score
-0.1
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 28 | 12.0 | 0.36% | 0.56% | 3.1% | -4.0% | -40.5% |
| SHORT | 29 | 15.0 | 0.45% | 0.76% | 6.8% | -2.5% | 45.7% |
Summary
Technical Analysis
Pact (PGH.AX)
Indicator:
MOMENTUM
Last Signal:
BEARISH
Trading: SELL @ $2.52
Signal Strength: MEDIUM
Recommendation:
Pact (ASX:PGH) 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: Pact (PGH.AX)
Stock Exchange: ASX
Company: Pact
Ticker Codes: | PGH.AX | ASX:PGH |
Pact Group Holdings Ltd manufactures and supplies rigid plastics and metal packaging in Australia, New Zealand, China, the Philippines, Singapore, Indonesia, Thailand, and the United States. The company operates in two segments, Pact Australia and Pact International. It primarily converts plastic resin and steel into rigid packaging and other products for customers in the food and beverage, personal care, household consumer, industrial and chemical, materials handling, infrastructure, agricultural, and other sectors. The company's products comprise yoghurt containers, cream and ice-cream containers, milk and beverage bottles, margarine tubs, food jars, meat and bakery trays, cubes, pails, tubes and cartridges, bottle caps and closures, and other customized packaging; steel drums, tinplate pails, and other metal containers; and plastic material handling, industrial, and technical products, as well as sustainability products and services. In addition, it offers materials handling solutions and associated services; contract manufacturing services for pharmaceutical and aerosol based products; recycling services; and crate pooling and hire services. Pact Group Holdings Ltd was founded in 2002 and is headquartered in Richmond, Australia.
Top 10:
Momentum Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BWX BWX | 4.18 | 2.7 | 1,260,960 | 0.07 | BULLISH CROSSOVER |
| VAH Virgin Australia Holdings | 0.16 | 2 | 234,720 | 0.01 | BULLISH CROSSOVER |
| CGL The Citadel | 3.55 | 1.4 | 98,099 | 0.05 | BULLISH CROSSOVER |
| SSM Service Stream | 2.55 | 1.2 | 1,596,609 | 0.12 | BULLISH CROSSOVER |
| QUB Qube Logistics | 3.28 | 1.2 | 1,777,665 | 0.03 | BULLISH CROSSOVER |
| BPT Beach Petroleum | 2.45 | 1.2 | 5,676,186 | 0.06 | BULLISH CROSSOVER |
| XRO Xero | 76.64 | 1.2 | 627,260 | 0.45 | BULLISH CROSSOVER |
| TGP Trafalgar | 1.15 | 0.9 | 805,040 | 0.02 | BULLISH CROSSOVER |
| FLN Freelancer | 0.65 | 0.8 | 42,607 | 0.02 | BULLISH CROSSOVER |
| AUI Australian United Investment | 9.77 | 0.8 | 7,173 | 0.05 | BULLISH CROSSOVER |