[BEARISH]: Westgold Resources currently has negative momentum of -0.035 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.4%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -2.9%.
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|
|SSM Service Stream||1.57||2.6||1,160,966||0||NEUTRAL|
|MVF Monash IVF||1.09||2.3||274,620||0||NEUTRAL|
|UOS United Overseas Australia||0.68||2.3||1,400||0||NEUTRAL|
|CMW Cromwell Corporation||1.14||1.3||1,993,144||0||NEUTRAL|
|ASX Australian Stock Exchange||66.31||1.2||260,419||0||NEUTRAL|
|YAL Yancoal Australia||0.14||0||1,044,104||0||NEUTRAL|
|RHL Ruralco Holdings||2.94||0||62,055||0||NEUTRAL|