GTN Resources (GTN)

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GTN Resources (GTN): Signals

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TECHNICAL ANALYSIS SUMMARY

GTN Resources (GTN.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $0.93
Signal Strength: MEDIUM
Recommendation:

GTN Resources (ASX:GTN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 46437.1. day. During the quarter, the highest ADLINE value was 251309.


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: GTN Resources (GTN.AX)


Stock Exchange: ASX
Company: GTN Resources
Ticker Codes: | GTN.AX | ASX:GTN |

About GTN Resources (ASX:GTN):

King Island Scheelite Limited, together with its subsidiaries, engages in the exploration, development, and production of tungsten deposits in Australia. It primarily holds a 100% interest in the Dolphin Project located in King Island. The company was formerly known as GTN Resources Limited and changed its name to King Island Scheelite Limited in October 2005. King Island Scheelite Limited was incorporated in 1966 and is based in Sydney, Australia.

Top 10:

Accumulation Distribution

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Company Close Change (%) Volume Value Signal
LYC Lynas Corporation 1.84 11.9 10,942,144 2,852,196.6 BULLISH
IRD Iron Road 0.06 6.7 45,111 4,203.2 BULLISH
MOY Millennium Minerals 0.21 5.1 741,093 139,153.1 BULLISH
PNR Pacific Niugini Minerals 0.24 4.3 220,033 736,993.14 BULLISH
IFN IFN 0.51 4.1 1,616,892 73,044.3 BULLISH
MDC Mcconnell Dowell Corporation 0.4 3.9 22,015 248 BULLISH
AGI Ainsworth Game Technology 0.82 3.8 50,553 56,413.4 BULLISH
GRR Grange Resources 0.27 3.8 5,166,553 98,372.9 BULLISH
PRU Perseus Mining 0.41 3.8 8,465,898 19,887.8 BULLISH
PGC Paragon Care 0.48 3.2 983,038 985.5 BULLISH
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