Australian Foundation (AFI)

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Australian Foundation (AFI): Signals

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TECHNICAL ANALYSIS SUMMARY

Australian Foundation (AFI.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $5.96
Signal Strength: MEDIUM
Recommendation:

Australian Foundation (ASX:AFI) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -216444. day. During the quarter, the lowest ADLINE value was -216444.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Australian Foundation (AFI.AX)


Stock Exchange: ASX
Company: Australian Foundation
Ticker Codes: | AFI.AX | ASX:AFI |

About Australian Foundation (ASX:AFI):

Australian Foundation Investment Company Limited is a self-managed investment company. The firm invests in the public equity markets of Australia. It invests in value stocks of companies. The firm employs fundamental analysis with a focus on bottom-up research to make its investments. It benchmarks the performance of its portfolio against S&P/ASX 200 Accumulation Index. The firm conducts in-house research to make its investments. It invests in companies across diversified industries. Australian Foundation Investment Company Limited was founded in 1928 and is based in Melbourne, Australia.

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Accumulation Distribution

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