[BULLISH]: The Star Entertainment currently has positive momentum of 0.03. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.4%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 0.6%.
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];
|Company||Close||Close Change (%)||Volume||Value||Signal|
|MDC Mcconnell Dowell Corporation||0.5||4.2||117,111||-0.06||BEARISH CROSSOVER|
|GDF Garda Diversified Property Fund||1.3||4||137,261||-0.01||BEARISH CROSSOVER|
|CGL The Citadel||7.09||3.5||48,790||-0.05||BEARISH CROSSOVER|
|EOS Electro Optic Systems Holdings||2.88||2.9||17,061||-0.05||BEARISH CROSSOVER|
|PNI Pinnacle Investment Management||5.69||2.9||161,532||-0.01||BEARISH CROSSOVER|
|QMS Qms Media||1.06||1.9||153,859||-0.01||BEARISH CROSSOVER|
|RCR RCR Tomlinson||2.65||1.9||471,966||-0.01||BEARISH CROSSOVER|
|VRL Village Roadshow||1.87||1.9||1,700,661||-0.07||BEARISH CROSSOVER|
|SPL Starpharma Holdings||1.22||1.7||924,711||-0.01||BEARISH CROSSOVER|
|XHJ ASX 200 Health Care||31753.2||1.3||0||-73.2||BEARISH CROSSOVER|