Broadcast Services Australia

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

Accumulation Distribution

Score

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 31 8.7 0.55% 0.74% 2.3% -2.6% -19.9%
LONG 31 16.0 0.39% 0.55% 3.7% -3.7% -37.1%

Summary

Technical Analysis

Broadcast Services Australia (BSA.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $0.275
Signal Strength: MEDIUM
Recommendation:

Broadcast Services Australia (ASX:BSA) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 49048.5. day. During the quarter, the highest ADLINE value was 76369.8.


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.


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: Broadcast Services Australia (BSA.AX)


Stock Exchange: ASX
Company: Broadcast Services Australia
Ticker Codes: | BSA.AX | ASX:BSA |

About Broadcast Services Australia (ASX:BSA):

BSA Limited operates as a technical services contracting company in Australia. The company's Connect segment provides contracting services to the telecommunications, subscription television, and communication industries. Its services include the delivery of bundled services over fixed line multi-technology services and networks; and installation of subscription television. Its Build segment offers design and installation services, such as mechanical, air conditioning, heating and ventilation, refrigeration, and fire services for commercial and industrial buildings. The company's Maintain segment offers maintenance services for commercial and industrial buildings comprising mechanical, air conditioning, heating and ventilation, refrigeration, and fire services. BSA Limited is based in Macquarie Park, Australia.

Top 10:

Accumulation Distribution

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Company Close Change(%) Volume Value Signal
NHF NIB 6.82 15.8 4,054,736 640,882.6 BULLISH
MPL Medibank Private 3.21 11.5 23,800,298 2,538,212 BULLISH
MNY Money3 2.21 9.4 151,763 152,846.6 BULLISH
WBC Westpac Banking Corporation 27.75 9.2 24,404,464 2,513,264.8 BULLISH
AHG Advance Healthcare 2.55 9 1,585,387 226,338.2 BULLISH
ANZ Australia & Banking 27.86 7.8 14,554,708 1,414,878.6 BULLISH
RHC Ramsay Health Care 69.58 7.3 1,172,273 180,042 BULLISH
AYS Amaysim Australia 0.76 7 283,622 39,215.2 BULLISH
CBA Commonwealth Bank 77.4 6.3 9,829,411 1,089,681.2 BULLISH
JBH Jb Hi-Fi 26.92 5.2 559,642 98,791.8 BULLISH