Trading: SELL @ $4.08
Signal Strength: MEDIUM
Tassal (ASX:TGR) currently has negative momentum of -0.08 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: Tassal (TGR.AX)
Stock Exchange: ASX
Ticker Codes: | TGR.AX | ASX:TGR |
Tassal Group Limited, together with its subsidiaries, engages in hatching, farming, processing, marketing, and selling Atlantic salmon in Australia. The company offers salmon products in fresh, smoked, canned, and frozen categories. It also procures, processes, markets, and sells other seafood species. The company provides its products under the Tassal, Superior Gold, Tasmanian Smokehouse, and De Costi Seafoods brands through retail and wholesale channels. In addition, it operates salmon shops in Salamanca Square. The company also exports its products. Tassal Group Limited was founded in 1986 and is headquartered in Hobart, Australia.
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