Genesis Energy

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Accumulation Distribution

Score

-3.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 38 11.4 0.34% 0.45% 1.5% -2.2% -44.8%
SHORT 38 9.7 0.29% 0.38% 0.9% -2.8% -72.1%

Summary

Technical Analysis

Genesis Energy (GNE.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $3.08
Signal Strength: MEDIUM
Recommendation:

Genesis Energy (ASX:GNE) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 16338. day. During the quarter, the highest ADLINE value was 19217.8.


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: Genesis Energy (GNE.AX)


Stock Exchange: ASX
Company: Genesis Energy
Ticker Codes: | GNE.AX | ASX:GNE |

About Genesis Energy (ASX:GNE):

Genesis Energy Limited generates, trades in, and sells electricity to homes and businesses in New Zealand. The company generates electricity from thermal, hydro, and wind sources. Its Customer segment supplies energy, including electricity, gas, and LPG to end-users, as well as provides related services. The company's Wholesale segment engages in the supply of electricity to the wholesale electricity market; supply of gas, LPG, and coal to wholesale customers and the customer segment; and purchase and sale of derivatives to fix the price of electricity. Its Kupe segment is involved in the exploration, development, and production of gas and petroleum products; and supply of gas and LPG to the wholesale segment, and light oil. The company's generation asset portfolio includes the Huntly power station with a generation capacity of 953 MW; 3 Tongariro hydro power stations with a generation capacity of 361.8 MW; Waikaremoana hydro power scheme comprising 3 power stations with a generation capacity of 36 MW, 60 MW, and 42 MW respectively; Tekapo power station with 187 MW generation capacity; and Hau Nui wind farm with 15 wind turbines. It sells electricity, natural gas, and LPG to approximately 505,000 customers under the Genesis Energy and Energy Online brands; and holds a 46% interest in the Kupe oil and gas fields located in Taranaki. The company was formerly known as Genesis Power Limited and changed its name to Genesis Energy Limited in September 2013. Genesis Energy Limited was incorporated in 1998 and is headquartered in Auckland, New Zealand.

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Accumulation Distribution

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