Mighty River Power (MCY)

Download button icon Download

Mighty River Power (MCY): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Mighty River Power (MCY.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BULLISH


Trading: HOLD @ $3.5
Signal Strength: MEDIUM
Recommendation:

Mighty River Power (ASX:MCY) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.42. MCY.AX received a confirmed CMF crossover days on the Jan 7 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.58 occurring on the Jan 7 2019.


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: Mighty River Power (MCY.AX)


Stock Exchange: ASX
Company: Mighty River Power
Ticker Codes: | MCY.AX | ASX:MCY |

About Mighty River Power (ASX:MCY):

Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity from renewable sources in New Zealand. It operates nine hydro generation stations on the Waikato River; and five geothermal generation stations in the central North Island. The company sells electricity to homes, businesses, and industrial customers through GLOBUG, Tiny Mighty, and Bosco brands. It also provides metering infrastructure solutions to electricity retailers through Metrix brand; and solar panel installation services. The company was formerly known as Mighty River Power Limited and changed its name to Mercury NZ Limited in July 2016. Mercury NZ Limited was founded in 1998 and is based in Auckland, New Zealand.

Top 10:

Chaikin Money Flow

Download button icon Download
Company Close Change (%) Volume Value Signal
BKY Berkeley Resources 0.53 21.8 3,116,810 -0.85 BEARISH
AJX Alexium International 0.13 13.6 1,148,359 -0.03 BEARISH
SYR Syrah Resources 1.98 10.3 2,782,361 -0.23 BEARISH
SAS Sky And Space Global 0.06 7.8 4,311,927 -0.36 BEARISH
LVH Livehire 0.58 7.4 1,131,852 -0.11 BEARISH
MNS Milnes Holdings 0.31 6.9 194,478 -0.37 BEARISH
OML Ooh!Media 3.8 6.7 2,394,203 -0.16 BEARISH
KDR Kidman Resources 1.14 6 2,230,653 -0.21 BEARISH
JHC Japara Healthcare 1.17 5.4 417,552 -0.06 BEARISH
BWX BWX 1.46 5 409,859 -0.43 BEARISH
back to top