[BULLISH]: Fletcher Building current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 4.35363e+006. day. During the quarter, the highest ADLINE value was 4.46679e+006.
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|
|DNA Donaco International||0.18||12.9||283,886||10,947,985||BULLISH|
|BDR Beadell Resources||0.05||5.9||9,114,958||47,679,753||BULLISH|
|SHV Select Harvests||5.94||3.8||481,188||1,394,613||BULLISH|
|CCP Credit Corp||18.55||2.8||374,287||3,402,194||BULLISH|
|AQZ Alliance Aviation Services||1.86||2.5||33,838||314,607||BULLISH|
|SNL Supply Network||4.56||2.5||2,629||53,877||BULLISH|