Berkeley Resources

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Money Flow Index

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 5 112.2 0.60% 1.00% 7.8% -12.1% -13.0%
SHORT 3 56.0 0.67% 2.00% 28.4% -6.3% 50.6%

Summary

Technical Analysis

Berkeley Resources (BKY.AX)


Indicator:

MONEY FLOW INDEX


Last Signal:

NEUTRAL


Trading: REDUCE @ $0.385
Signal Strength: MEDIUM
Recommendation:

Berkeley Resources (ASX:BKY) current trading price has closed out money flow index oversold status and signalled the initiation of normal trading conditions. Currently, the MFI is 75.6. The previous bullish signal was active for 0 day. During the quarter, the lowest MFI value was 12.55.


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: Berkeley Resources (BKY.AX)


Stock Exchange: ASX
Company: Berkeley Resources
Ticker Codes: | BKY.AX | ASX:BKY |

About Berkeley Resources (ASX:BKY):

Berkeley Energia Limited engages in the exploration and development of uranium mine in Spain. It is developing the Salamanca project located in western Spain. The company was formerly known as Berkeley Energy Limited and changed its name to Berkeley Energia Limited in November 2015. Berkeley Energia Limited is based in London, the United Kingdom.

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