Gateway Lifestyle (GTY.AX)
CHAIKIN MONEY FLOW
Trading: BUY @ $2.24
Signal Strength: STRONG
Gateway Lifestyle (ASX:GTY) current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.04. During the quarter, the highest CMF value was 0.04 occurring on the Oct 17 2018.
A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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.
Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.
Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;
PROFILE: Gateway Lifestyle (GTY.AX)
Stock Exchange: ASX
Company: Gateway Lifestyle
Ticker Codes: | GTY.AX | ASX:GTY |
Gateway Lifestyle Group operates in the manufactured home estates sector in Australia. It operates through two segments, Operations and Development. The company develops, sells, and leases residential communities. As of June 30, 2017, it had 56 residential land lease communities located on the Australian eastern seaboard in New South Wales, Queensland, Victoria, and the Australian Capital Territory. Gateway Lifestyle Group was founded in 2009 and is headquartered in Bella Vista, Australia.
Chaikin Money FlowDownload
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