Southern Cross Media (SXL)

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Southern Cross Media (SXL): Signals

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TECHNICAL ANALYSIS SUMMARY

Southern Cross Media (SXL.AX)


Indicator:

MOMENTUM


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $1.005
Signal Strength: MEDIUM
Recommendation:

Southern Cross Media (ASX:SXL) currently has negative momentum of -0.055 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: Southern Cross Media (SXL.AX)


Stock Exchange: ASX
Company: Southern Cross Media
Ticker Codes: | SXL.AX | ASX:SXL |

About Southern Cross Media (ASX:SXL):

Southern Cross Media Group Limited engages in the creation and broadcasting of content on free to air commercial radio, TV, and online media platforms in Australia. The company owns 140 radio stations across 68 markets; and owns 19 regional free to air television licenses that cover 30 regional sub markets. It provides online advertising and integration through approximately 85 Websites; and develops microsites, mobile apps, online videos, and social media campaigns for clients. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia.

Top 10:

Momentum Oscillator

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Company Close Change (%) Volume Value Signal
CLQ Clean Teq Holdings 0.4 1.3 419,954 -0.02 BEARISH CROSSOVER
SLK Sealink Travel 4.18 0.7 11,361 -0.04 BEARISH CROSSOVER
AMH Amcil 0.85 0.6 161,684 -0.02 BEARISH CROSSOVER
EVT Event Hospitality And Entertainment 13.5 0.6 18,504 -0.37 BEARISH CROSSOVER
IRD Iron Road 0.05 0 0 0 BEARISH CROSSOVER
KSC K&S Corporation 1.42 0 0 -0.08 BEARISH CROSSOVER
OHE Orion Health 1.1 0 10,013 -0.01 BEARISH CROSSOVER
ENN Elanor Investors 1.83 -0.3 21,785 -0.04 BEARISH CROSSOVER
GDF Garda Diversified Property Fund 1.3 -0.4 114,184 -0.01 BEARISH CROSSOVER
IRE Iress Market Technology 11.06 -0.6 272,097 -0.04 BEARISH CROSSOVER
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