Fletcher Building (FBU.AX)
Trading: SELL @ $5.33
Signal Strength: MEDIUM
Fletcher Building (ASX:FBU) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -276805. day. During the quarter, the lowest ADLINE value was -276805.
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: Fletcher Building (FBU.AX)
Stock Exchange: ASX
Company: Fletcher Building
Ticker Codes: | FBU.AX | ASX:FBU |
Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building and construction products in New Zealand, Australia, and internationally. Its Building Products segment manufactures, distributes, and markets building products, such as concrete pipes and products, cement and aggregates, plastic pipes, and building materials for commercial and residential markets. The company's International segment provides laminate and surface products for commercial and residential spaces; decorative wood panels and laminates, particle boards, medium density fiber boards, and other decorative products; and pressed metal roof tiles. Its Distribution segment distributes building, plumbing, pipeline, and steel products. The company's Residential and Land Development segment develops land holdings for residential and commercial use, as well as operates as a residential home builder. Its Construction segment builds and maintains commercial buildings and infrastructure projects. Fletcher Building Limited was founded in 1909 and is headquartered in Auckland, New Zealand.
|ADA Adacel Technologies||0.89||10.6||246,616||-179,575.5||BEARISH|
|RAP Resapp Health||0.11||10||6,450,027||-1,068,474.3||BEARISH|
|YAL Yancoal Australia||3.06||8.1||42,618||-77,956||BEARISH|
|MRN Macquarie Radio Network||1.79||6.2||8,395||-1,663.1||BEARISH|
|WGX Westgold Resources||1.13||6.1||450,410||-67,795.8||BEARISH|
|PMC Platinum Capital||1.85||4.2||154,098||-25,432.6||BEARISH|
|AJX Alexium International||0.13||4.2||67,594||-70,909.4||BEARISH|
|CAB Cabcharge Australia||2.08||4||39,330||-3,705.1||BEARISH|