MONEY FLOW INDEX
Trading: HOLD @ $0.95
Signal Strength: MEDIUM
Aspen (ASX:APZ) current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 85.16. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 14.82.
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.
Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.
Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)
PROFILE: Aspen (APZ.AX)
Stock Exchange: ASX
Ticker Codes: | APZ.AX | ASX:APZ |
Formed in 2001, Aspen Group is an ASX listed property group strategically focused on providing ?value for money? accommodation. The accommodation sector is considered to have positive long term structural characteristics, with an enduring customer need and effective capital utilisation. Aspen has been a leading owner and manager of holiday and accommodation parks since 2004. Aspen currently owns 5 holiday and accommodation parks across Australia and the Spearwood South industrial property, which is a fully leased, high yielding property in Perth. An active acquisition programme is underway to expand the portfolio within the ?value for money? accommodation sector.
Money Flow IndexDownload
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