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%

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Trading Performance

Accumulation Distribution

Score

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 35 8.5 0.34% 0.48% 1.1% -3.0% -61.3%
SHORT 36 13.1 0.44% 0.80% 3.9% -2.2% 19.1%

Summary

Technical Analysis

AMP (AMP.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $2.03
Signal Strength: MEDIUM
Recommendation:

AMP (ASX:AMP) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4.01777e+006. day. During the quarter, the lowest ADLINE value was -4.01777e+006.


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: AMP (AMP.AX)


Stock Exchange: ASX
Company: AMP
Ticker Codes: | AMP.AX | ASX:AMP |

About AMP (ASX:AMP):

AMP Limited operates as a wealth management company in Australia, New Zealand, and internationally. It operates through six segments: Australian Wealth Management, AMP Capital, Australian Wealth Protection, AMP Bank, New Zealand Financial Services, and Australian Mature. The company offers financial advice and superannuation, retirement income, and investment products; superannuation services for businesses; administration, banking, and investment services for self-managed superannuation funds (SMSF); income protection, disability and life insurance, and selected banking products; and residential mortgages, deposits, transaction banking, and self-managed superannuation fund products, as well as SMSF software. It also manages investments in equities, fixed interest, infrastructure, real estate, diversified, multi-manager, and multi-asset funds; and offers commercial, industrial, and retail real estate management services. In addition, the company offers various products, including whole of life, endowment, investment linked, investment accounts, retirement savings accounts, eligible rollover funds, annuities, insurance bonds, personal superannuation, and guaranteed savings accounts; and individual and group, term life, disability, and income protection insurance products. Further, it provides phone and Internet banking services. The company was founded in 1849 and is based in Sydney, Australia.

Top 10:

Accumulation Distribution

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Company Close Change(%) Volume Value Signal
DNA Donaco International 0.12 9.1 3,465,966 -1,022,176 BEARISH
RIC Ridley Corporation 1.24 7.9 738,777 -145,762.7 BEARISH
NMT Neometals 0.22 4.9 479,038 -124,172.3 BEARISH
WAF West African Resources 0.33 4.8 3,311,755 -125,576.3 BEARISH
LAU Lindsay Australia 0.34 4.6 181,661 -20,488.6 BEARISH
DNK Danakali 0.71 4.4 160,675 -34,891.3 BEARISH
CDP Carindale Property Trust 6.95 3.4 26,038 -3,823.7 BEARISH
HPI Hotel Property Investments 3.65 3.4 242,113 -1,796.7 BEARISH
SYR Syrah Resources 0.86 3 7,057,555 -2,986,458.7 BEARISH
VAH Virgin Australia Holdings 0.17 3 676,369 -255,606.4 BEARISH