Mount Gibson Iron (MGX.AX)
CHAIKIN MONEY FLOW
Trading: SELL @ $0.47
Signal Strength: STRONG
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.
Mount Gibson Iron (ASX:MGX) current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.23. During the quarter, the lowest CMF value was -0.66 occurring on the Sep 21 2018.
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: Mount Gibson Iron (MGX.AX)
Stock Exchange: ASX
Company: Mount Gibson Iron
Ticker Codes: | MGX.AX | ASX:MGX |
Mount Gibson Iron Limited, together with its subsidiaries, engages in the mining, exploration, crushing, development, transportation, and sale of hematite iron ore deposits in Australia. The company primarily operates the Koolan Island hematite mine situated in the Kimberley coast of Western Australia; and the Extension Hill hematite project located in the Mount Gibson range in the mid-west region of Western Australia. Mount Gibson Iron Limited was founded in 1996 and is based in West Perth, Australia.
Chaikin Money FlowDownload
|EPW ERM Power||1.66||1.5||318,892||0.04||BEARISH CROSSUNDER|
|WEB Webjet||16.45||0.6||457,157||0.02||BEARISH CROSSUNDER|
|BKW Brickworks||16.18||0.1||571,157||-0.15||BEARISH CROSSUNDER|
|BAF Blue Sky Alternatives||0.86||0||132,033||0.03||BEARISH CROSSUNDER|
|OVH Onevue Holdings||0.76||0||1,668,642||0||BEARISH CROSSUNDER|
|PPC Peet & Company||1.17||-0.4||50,546||0.02||BEARISH CROSSUNDER|
|SGR The Star Entertainment||5.17||-0.4||2,591,034||0.03||BEARISH CROSSUNDER|
|CIN Carlton Investments||33.6||-0.6||6,900||-0.02||BEARISH CROSSUNDER|
|IVC Invocare||12.02||-0.7||589,750||0.02||BEARISH CROSSUNDER|
|WSA Western Areas||2.7||-0.7||3,119,856||0.01||BEARISH CROSSUNDER|