Trading: HOLD @ $27.54
Signal Strength: MEDIUM
Caltex (ASX:CTX) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 22358.8. day. During the quarter, the highest ADLINE value was 126820.
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
Ticker Codes: | CTX.AX | 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.
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