Grange Resources (GRR)

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Grange Resources (GRR): Signals

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TECHNICAL ANALYSIS SUMMARY

[BEARISH]: Grange Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -3.57788e+006. day. During the quarter, the lowest ADLINE value was -1.04216e+007.



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: Grange Resources (GRR.AX)


Stock Exchange: ASX
Company: Grange Resources
Ticker Codes: | GRR.AX | ASX:GRR |

About Grange Resources (ASX:GRR):

Grange Resources Limited engages in the integrated iron ore mining and pellet production business in the northwest region of Tasmania. The company is involved in the mining, processing, and sale of iron ore; and exploration, evaluation, and development of mineral resources at the Southdown Magnetite and related Pellet plant projects. It owns interests in the Savage River magnetite iron ore mine located to the southwest of the city of Burnie. The company is based in Burnie, Australia.

Top 10:

Accumulation Distribution

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Company Close Change (%) Volume Value Signal
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CLQ Clean Teq Holdings 0.53 15.2 4,429,067 -40,166,715 BEARISH
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EVN Evolution Mining 2.85 6.7 16,065,333 -103,105,235 BEARISH
RRL Regis Resources 4.11 6.5 4,264,650 -32,423,668 BEARISH
ASL Ausdrill 1.75 6.1 5,267,504 -47,865,468 BEARISH
KDR Kidman Resources 1.08 5.9 3,197,717 -48,208,289 BEARISH
LYC Lynas Corporation 2.05 5.9 7,004,603 -19,504,007 BEARISH
ORE Orocobre 3.84 5.5 1,717,171 -17,580,250 BEARISH
MLX Metals X 0.59 5.4 1,316,606 -14,157,298 BEARISH
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