Highfield Resources

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Chaikin Money Flow

Score

1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 24.3 0.50% 1.00% 13.3% -4.7% 51.5%
SHORT 12 35.0 0.50% 0.75% 16.1% -5.1% 55.9%

Summary

Technical Analysis

Highfield Resources (HFR.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BEARISH


Trading: SELL @ $0.9
Signal Strength: MEDIUM
Recommendation:

Highfield Resources (ASX:HFR) current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.21. HFR.AXThe bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.21 occurring on the Jun 12 2019.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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: Highfield Resources (HFR.AX)


Stock Exchange: ASX
Company: Highfield Resources
Ticker Codes: | HFR.AX | ASX:HFR |

About Highfield Resources (ASX:HFR):

Highfield Resources Limited engages in the exploration and development of potash mineral properties in Spain. The company holds 100% interests in the Muga, Vipasca, Pintano, Izaga, and Sierra del Perd¾n potash projects, which are located in the Ebro potash producing basin in Northern Spain covering a project area of approximately 550 square kilometers. Its flagship Muga potash project covers approximately 80 square kilometers. The company was incorporated in 2011 and is headquartered in Pamplona, Spain.

Top 10:

Chaikin Money Flow

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