Trading: HOLD @ $43.77
Signal Strength: MEDIUM
Domino (ASX:DMP) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 39031.5. day. During the quarter, the highest ADLINE value was 51275.2.
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: Domino (DMP.AX)
Stock Exchange: ASX
Ticker Codes: | DMP.AX | ASX:DMP |
Domino's Pizza Enterprises Limited operates retail food outlets. The company holds franchise rights for the Domino's brand and network in Australia, New Zealand, Belgium, France, the Netherlands, Japan and Germany. As of August 15, 2017, it operated a network of approximately 2,000 stores. Domino's Pizza Enterprises Limited is based in Brisbane, Australia.
|PSQ Pacific Smiles||1.36||3.8||35,462||-179,231||BEARISH CROSSOVER|
|ATL ASX 20||1.19||3.5||154,493||-28,023.4||BEARISH CROSSOVER|
|BPT Beach Petroleum||1.72||3.3||6,428,311||-391,812.5||BEARISH CROSSOVER|
|NVL National Veterinary Care||1.89||3.3||103,325||-2,454.5||BEARISH CROSSOVER|
|SXY Senex Energy||0.34||3.1||8,037,544||-346,769||BEARISH CROSSOVER|
|VGL Volante||3.62||2.5||1,811||-220,426.6||BEARISH CROSSOVER|
|GOR Gold Road Resources||0.7||2.2||1,749,475||-64,600.7||BEARISH CROSSOVER|
|PNR Pacific Niugini Minerals||0.25||2||1,420,177||-279,515.4||BEARISH CROSSOVER|
|SWM Seven West Media||0.55||1.9||4,206,052||-13,802.8||BEARISH CROSSOVER|
|AQG Alacer Gold Corp||2.81||1.8||805,398||-8,479.2||BEARISH CROSSOVER|