Beadell Resources (BDR.AX)
MONEY FLOW INDEX
Trading: SELL @ $0.065
Signal Strength: STRONG
Beadell Resources (ASX:BDR) current price has driven MFI to become overbought signalling the start of bearish trading conditions. Currently, the MFI is 0. During the quarter, the highest MFI value was 84.64. The last overbought signal occurred on Feb 12 2019
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: Beadell Resources (BDR.AX)
Stock Exchange: ASX
Company: Beadell Resources
Ticker Codes: | BDR.AX | ASX:BDR |
Beadell Resources Limited operates as a gold producer in Brazil and Australia. Its primary property is the Tucano gold mine covering an area of approximately 2,500 square kilometers of gold exploration tenements located in the Amapß state, northern Brazil. The company is headquartered in West Perth, Australia.
Money Flow IndexDownload