|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Austin Engineering (ANG.AX)
Trading: HOLD @ $0.21
Signal Strength: MEDIUM
Austin Engineering (ASX:ANG) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 12970.6. day. During the quarter, the highest ADLINE value was 99319.6.
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.
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: Austin Engineering (ANG.AX)
Stock Exchange: ASX
Company: Austin Engineering
Ticker Codes: | ANG.AX | ASX:ANG |
Austin Engineering Ltd manufactures, repairs, overhauls, and supplies mining attachment products, and other associated products and services for the industrial and resources-related business sectors. It offers off-highway dump truck bodies, buckets, water tanks, service modules, tyre-handlers, and ancillary attachments. The company also offers various services, such as equipment repair and maintenance, equipment lifting and transport, specialized fabrication, painting and blasting, specialized machining and line boring, and on-site maintenance and shutdown services. It serves miners, mining contractors, and original equipment manufacturers in Australia, the Americas, and Asia. Austin Engineering Limited was founded in 1982 and is headquartered in Milton, Australia.
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