[BEARISH]: Danakali current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -378759. day. During the quarter, the lowest ADLINE value was -640425.
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.
Accumulation Distribution LineDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|OSP Osprey Medical||0.2||33.3||2,077,247||-3,389,002||BEARISH|
|BLA Blue Sky||1.96||21.8||1,451,562||-3,511,195||BEARISH|
|RAP Resapp Health||0.15||15.4||2,521,448||-5,379,960||BEARISH|
|AKP Audio Pixels Holdings||16.56||13.4||6,511||-94,394||BEARISH|
|MIN Mineral Resources||16.58||8.3||1,585,071||-6,276,715||BEARISH|
|LNG Liquefied Natural Gas||0.61||7||4,110,932||-15,944,242||BEARISH|
|AJX Alexium International||0.16||6.9||960,302||-5,016,601||BEARISH|
|AGI Ainsworth Game Technology||1.1||6.3||2,039,825||-3,473,026||BEARISH|