Ale Property (LEP)

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Ale Property (LEP): Signals

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TECHNICAL ANALYSIS SUMMARY

Ale Property (LEP.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BULLISH


Trading: HOLD @ $5.14
Signal Strength: MEDIUM
Recommendation:

Ale Property (ASX:LEP) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.51. LEP.AX received a confirmed CMF crossover days on the Oct 15 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.73 occurring on the Oct 15 2018.


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: Ale Property (LEP.AX)


Stock Exchange: ASX
Company: Ale Property
Ticker Codes: | LEP.AX | ASX:LEP |

About Ale Property (ASX:LEP):

ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainland states of Australia. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 13 years.

Top 10:

Chaikin Money Flow

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Company Close Change (%) Volume Value Signal
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LVH Livehire 0.45 15.4 626,676 0.15 BULLISH
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MNS Milnes Holdings 0.35 2.9 343,808 0.21 BULLISH
EPW ERM Power 1.78 2.6 247,118 0.29 BULLISH
PAI Platinum Asia Investments 1.18 2.6 335,387 0.1 BULLISH
VGL Volante 3.62 2.5 2,827 0.01 BULLISH
RIC Ridley Corporation 1.46 2.1 193,856 0.43 BULLISH
BWX BWX 2.96 2.1 840,537 0.06 BULLISH
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