Grange Resources (GRR)

Download button icon Download

Grange Resources (GRR): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Grange Resources (GRR.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $0.275
Signal Strength: MEDIUM
Recommendation:

Grange Resources (ASX:GRR) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 973112. day. During the quarter, the highest ADLINE value was 2.39855e+006.


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: 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

Download button icon Download
Company Close Change (%) Volume Value Signal
AFA ASF 0.11 10 20,000 11,000 BULLISH
RMS Ramelius Resources 0.87 9.5 14,715,404 4,538,840.3 BULLISH
PRU Perseus Mining 0.51 5.2 6,519,557 1,988,669.1 BULLISH
GDI GDI Property 1.4 4.5 965,736 303,031.3 BULLISH
WGX Westgold Resources 1.21 4.3 1,595,655 499,744.5 BULLISH
BEE Broo 0.03 3.8 35,846 49,404.6 BULLISH
EQT Equity Trustees 26.99 3.8 2,620 14,952.6 BULLISH
ENN Elanor Investors 1.75 3.6 508,706 55,868.7 BULLISH
ISX Isignthis 0.29 3.6 741,979 42,531.5 BULLISH
SLR Silver Lake Resources 0.77 3.4 2,567,239 435,436.2 BULLISH
back to top