[BULLISH]: Saracen Mineral currently has positive momentum of 0.045. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.8%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 0%.
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: Saracen Mineral (SAR.AX)
Stock Exchange: ASX
Company: Saracen Mineral
Ticker Codes: | SAR.AX | ASX:SAR |
Saracen Mineral Holdings Limited engages in the gold mining business in Australia. It also explores for nickel deposits. The company holds 100% interest in the Carosue Dam operations located in north-east of Kalgoorlie, Western Australia. It also holds interests in Thunderbox operations located in the Yandal belt and the Agnew-Wiluna belt in the North Eastern Goldfields of Western Australia. Saracen Mineral Holdings Limited is headquartered in Perth, Australia.
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