CHAIKIN MONEY FLOW
Trading: HOLD @ $2.35
Signal Strength: MEDIUM
Austal (ASX:ASB) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.08. ASB.AX received a confirmed CMF crossover days on the Feb 18 2019. The bullish signal has been active for 3 days. During the quarter, the highest CMF value was 0.35 occurring on the Feb 18 2019.
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.
Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.
Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;
PROFILE: Austal (ASB.AX)
Stock Exchange: ASX
Ticker Codes: | ASB.AX | ASX:ASB |
Austal Limited designs, manufactures, constructs, and supports defense and commercial vessels in Australia, the United States, and the Philippines. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies. It also develops and integrates advanced vessel control and information management systems, such as control and monitoring, and motion control systems. In addition, the company provides life capability management and vessel support services, including crew training and instruction, vessel servicing, repair and maintenance, integrated logistics support, vessel sustainment, and information management systems support to naval, government, and commercial operators; and comprehensive refit services and management of annual dockings. Austal Limited was founded in 1988 and is headquartered in Henderson, Australia.
Chaikin Money FlowDownload
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