Chorus (CNU)

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Chorus (CNU): Signals

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TECHNICAL ANALYSIS SUMMARY

Chorus (CNU.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $4.49
Signal Strength: MEDIUM
Recommendation:

Chorus (ASX:CNU) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -90346.7. day. During the quarter, the lowest ADLINE value was -126958.


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: Chorus (CNU.AX)


Stock Exchange: ASX
Company: Chorus
Ticker Codes: | CNU.AX | ASX:CNU |

About Chorus (ASX:CNU):

Chorus Limited provides fixed line communications infrastructure services in New Zealand. It offers phone and broadband services over copper and fiber networks for residential and business customers; very high speed digital subscriber line broadband services for high-end residential users and small businesses; and voice-only services on its network. The company also provides top-of-the-line services for corporate customers, schools, and medical centers; products over copper and fiber for corporate and larger users; dark fiber, a basic direct fiber access service; and grey fiber, a bandwidth fiber access service. In addition, it offers fiber access connections to providers' equipment in another exchange or connects two exchanges within the same area; commercial access to its exchanges, poles, and other infrastructure; and specialist development and testing facilities to providers. The company was founded in 2008 and is based in Wellington, New Zealand.

Top 10:

Accumulation Distribution

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