[BEARISH]: Bellamys Australia current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.28298e+007. day. During the quarter, the lowest ADLINE value was -1.28298e+007.
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.
Accumulation Distribution LineDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|RVA Reva Medical||0.28||25||107,500||-82,733,787||BEARISH|
|AJX Alexium International||0.15||11.5||1,474,677||-4,993,042||BEARISH|
|ELX Ellex Medical Lasers||0.8||8.1||120,473||-289,337||BEARISH|
|EGS Eastern Goldfields||0.14||7.7||276,771||-16,575,839||BEARISH|
|TNE Technology One||5.04||6.3||4,677,418||-3,055,962||BEARISH|