Aspen (APZ)

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Aspen (APZ): Signals

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TECHNICAL ANALYSIS SUMMARY

Aspen (APZ.AX)


Indicator:

MONEY FLOW INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $0.96
Signal Strength: STRONG
Recommendation:

Aspen (ASX:APZ) current price has driven MFI to become overbought signalling the start of bearish trading conditions. Currently, the MFI is 14.93. During the quarter, the highest MFI value was 62.79. The last overbought signal occurred on Dec 7 2018


A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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
Company: Aspen
Ticker Codes: | APZ.AX | ASX:APZ |

About Aspen (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.

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