Autosports (ASG)

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Autosports (ASG): Signals

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TECHNICAL ANALYSIS SUMMARY

Autosports (ASG.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $1.2
Signal Strength: MEDIUM
Recommendation:

Autosports (ASX:ASG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -29095. day. During the quarter, the lowest ADLINE value was -37139.4.


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: Autosports (ASG.AX)


Stock Exchange: ASX
Company: Autosports
Ticker Codes: | ASG.AX | ASX:ASG |

About Autosports (ASX:ASG):

Autosports Group Limited operates as a vehicle dealer in Australia. The company engages in the sale of new and used motor vehicles; distribution of finance and insurance products; sale of aftermarket products and spare parts; and provision of motor vehicle servicing and collision repair services. Autosports Group Limited was founded in 2016 and is based in Leichhardt, Australia.

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Accumulation Distribution

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