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: Resapp Health (RAP.AX)
Stock Exchange: ASXAbout Resapp Health (ASX:RAP):
Company: Resapp Health
Ticker Codes: | RAP.AX | ASX:RAP |
ResApp Health Limited develops and commercializes the ResApp technology to provide health care solutions for respiratory disease. The company offers telehealth companies with point of care diagnostic solutions to integrate into their platforms. It provides SMARTCOUGH-C, a multi-site, double blind, and prospective clinical study to investigate ResAppDx for the diagnosis of respiratory disease in infants and children using cough sounds, as well as the diagnosis of pneumonia, croup, bronchiolitis, asthma/reactive airways disease, lower respiratory tract disease, and upper respiratory tract infection. The company was formerly known as Narhex Life Sciences Limited. ResApp Health Limited was founded in 2014 and is headquartered in Brisbane, Australia.