|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
MONEY FLOW INDEX
Trading: SELL @ $5.54
Signal Strength: STRONG
Greenross (ASX:GXL) current price has driven MFI to become overbought signalling the start of bearish trading conditions. Currently, the MFI is 0. During the quarter, the highest MFI value was 85.16. The last overbought signal occurred on Feb 26 2019
A bearish 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.
Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.
Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)
PROFILE: Greenross (GXL.AX)
Stock Exchange: ASX
Ticker Codes: | GXL.AX | ASX:GXL |
Greencross Limited, an integrated pet care company, provides veterinary services. The company offers vaccination, desexing, dentistry, microchip identification, parasite prevention, surgical procedure, laboratory/pathology testing, radiology, ultrasound, and weight loss program services. It also operates physical and online pet stores that sell specialty pet care products under the Petbarn and City Farmers brand names; and provides a range of non-medical companion animal healthcare services. The company offers its services to dogs, cats, birds, and reptiles. As of June 30, 2017, its network comprised 420 stores and clinics across Australia and New Zealand. The company was founded in 1994 and is headquartered in Woolloongabba, Australia.
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