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

0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 33 12.7 0.52% 1.00% 2.5% -2.5% -0.4%
SHORT 32 11.5 0.53% 1.00% 3.0% -1.3% 28.7%

Summary

Technical Analysis

Caltex (CTX.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $24.15
Signal Strength: MEDIUM
Recommendation:

Caltex (ASX:CTX) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 659540. day. During the quarter, the highest ADLINE value was 777150.


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: Caltex (CTX.AX)


Stock Exchange: ASX
Company: Caltex
Ticker Codes: | CTX.AX | ASX:CTX |

About Caltex (ASX:CTX):

Caltex Australia Limited engages in purchasing, refining, distributing, and selling petroleum products in Australia, New Zealand, and Singapore. It operates through Supply and Marketing, and Lytton segments. The Supply and Marketing segment sells fuels, lubricants, specialty products, and convenience store goods through a network of Caltex, Caltex Woolworths, and Ampol branded service stations, as well as through company owned and non-equity resellers, and direct sales to corporate customers. This segment distributes its products through pipelines, terminals, depots, and owned and contracted transportation fleet. The Lytton segment refines crude oil into petrol, diesel, greases, and jet fuel, as well as various specialty products, including liquid petroleum gas. Caltex Australia Limited was founded in 1900 and is headquartered in Sydney, Australia.

Top 10:

Accumulation Distribution

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CSV CSG 0.18 6.1 316,092 163,696.4 BULLISH
KAR Karoon Gas Australia 0.96 6.1 733,981 290,387.8 BULLISH
SAR Saracen Mineral 3.85 6.1 9,477,928 437,728 BULLISH
SBM St Barbara Mines 3.08 5.5 15,379,603 3,757,117.9 BULLISH
GAP Gale Pacific 0.32 4.9 153,394 54,564.8 BULLISH
CDD Cardno 0.9 4.7 98,516 16,570.9 BULLISH
ASL Ausdrill 1.82 4.3 7,050,749 1,891,497.8 BULLISH
AGG Anglogold Ashanti 5.23 4.2 13,809 26,898.4 BULLISH