Australian Foundation

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Trading Performance

Accumulation Distribution

Score

-1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 6.0 0.42% 0.63% 0.4% -0.7% -7.8%
SHORT 25 25.4 0.32% 0.44% 1.8% -1.3% -8.3%

Summary

Technical Analysis

Australian Foundation (AFI.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $6.25
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 -39647.8. day. During the quarter, the lowest ADLINE value was -249752.


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.

Top 10:

Accumulation Distribution

Download
Company Close Change(%) Volume Value Signal
MGC Mg Unit Trust 0.35 18.6 1,279,050 -88,805.5 BEARISH
ADH Adairs 1.48 18.4 5,926,270 -524,094.5 BEARISH
ONE Oneview Healthcare 0.23 9.5 232,054 -827 BEARISH
TLG Talga Gold 0.49 6.6 113,070 -114,793 BEARISH
FDV Frontier Digital Ventures 0.77 6.2 113,332 -1,747.4 BEARISH
MSB Mesoblast 1.44 5.1 1,597,792 -132,991.2 BEARISH
DNA Donaco International 0.11 4.8 2,736,673 -1,545,336.1 BEARISH
PAC Pacsoft 4.42 4.5 113,651 -34,030.1 BEARISH
DMP Domino 39.13 3.9 396,639 -91,573.6 BEARISH
TNE Technology One 7.97 3.8 1,203,157 -382,269 BEARISH