Australian Agricultural (AAC.AX)
CHAIKIN MONEY FLOW
Trading: HOLD @ $1.165
Signal Strength: MEDIUM
Australian Agricultural (ASX:AAC) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.48. AAC.AX received a confirmed CMF crossover days on the Nov 30 2018. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.49 occurring on the Nov 30 2018.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.
Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.
Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;
PROFILE: Australian Agricultural (AAC.AX)
Stock Exchange: ASX
Company: Australian Agricultural
Ticker Codes: | AAC.AX | ASX:AAC |
Australian Agricultural Company Limited produces and sells cattle and beef in Australia. The company engages in owning, operating, and developing pastoral properties; producing beef, including breeding, backgrounding, feedlotting, and processing cattle; and the production of grass fed beef, grain fed beef, and Wagyu beef. The company operates under the Wylarah, Westholme, Master Kobe, Kobe Cuisine, and Darling Downs Wagyu brands. It operates an integrated cattle production system across 19 owned cattle stations, 2 leased stations, 7 agisted properties, 2 owned feedlots, a beef processing facility, and 2 owned farms covering an area of approximately 7 million hectares of land in Queensland and the Northern Territory. The company also exports its products. Australian Agricultural Company Limited was founded in 1824 and is based in Brisbane, Australia.
Chaikin Money FlowDownload
|URF Us Masters Residential Property Fund||1.35||7.6||27,611||0.26||BULLISH|
|EPW ERM Power||1.65||5.1||110,867||0.31||BULLISH|
|EQT Equity Trustees||24||4.3||34,589||0.26||BULLISH|
|SSM Service Stream||1.7||4.3||359,590||0.15||BULLISH|
|AHY Asaleo Care||0.95||3.8||2,959,854||0.09||BULLISH|
|AGG Anglogold Ashanti||3||3.4||7,551||0.35||BULLISH|