Carindale Property Trust

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%

What indicators would you like to backtest?

Trading Performance

Accumulation Distribution

Score

-0.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 19.0 0.35% 0.45% 1.3% -1.3% -13.0%
SHORT 28 9.2 0.43% 0.75% 0.8% -0.6% -0.1%

Summary

Technical Analysis

Carindale Property Trust (CDP.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $6.95
Signal Strength: MEDIUM
Recommendation:

Carindale Property Trust (ASX:CDP) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -3823.7. day. During the quarter, the lowest ADLINE value was -5722.3.


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: Carindale Property Trust (CDP.AX)


Stock Exchange: ASX
Company: Carindale Property Trust
Ticker Codes: | CDP.AX | ASX:CDP |

About Carindale Property Trust (ASX:CDP):

Carindale Property Trust (ASX Code: CDP) was listed on the Australian Stock Exchange in 1996.The Trust's sole investment is a 50% interest in Westfield Carindale, one of Brisbane's largest regional shopping centre at approximately 115,000 square metres.Westfield Carindale currently generates annual sales of $700.6 million through its two department stores, two discount department stores, three supermarkets and over 290 specialty retailers. The Trust is managed by Scentre Management Limited, a member of the Scentre Group. As such, Scentre Management Limited has adopted and is bound by the Group's Corporate Governance Charters and Policies.

Top 10:

Accumulation Distribution

Download
Company Close Change(%) Volume Value Signal
DNA Donaco International 0.12 9.1 3,465,966 -1,022,176 BEARISH
RIC Ridley Corporation 1.24 7.9 738,777 -145,762.7 BEARISH
NMT Neometals 0.22 4.9 479,038 -124,172.3 BEARISH
WAF West African Resources 0.33 4.8 3,311,755 -125,576.3 BEARISH
LAU Lindsay Australia 0.34 4.6 181,661 -20,488.6 BEARISH
DNK Danakali 0.71 4.4 160,675 -34,891.3 BEARISH
HPI Hotel Property Investments 3.65 3.4 242,113 -1,796.7 BEARISH
SYR Syrah Resources 0.86 3 7,057,555 -2,986,458.7 BEARISH
VAH Virgin Australia Holdings 0.17 3 676,369 -255,606.4 BEARISH
MGC Mg Unit Trust 0.36 2.9 354,294 -66,140.3 BEARISH