Metcash (MTS)

Download button icon Download

Metcash (MTS): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Metcash (MTS.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $2.56
Signal Strength: MEDIUM
Recommendation:

Metcash (ASX:MTS) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 205592. day. During the quarter, the highest ADLINE value was 976530.


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.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Metcash (MTS.AX)


Stock Exchange: ASX
Company: Metcash
Ticker Codes: | MTS.AX | ASX:MTS |

About Metcash (ASX:MTS):

Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food & Grocery, Liquor, and Hardware segments. The Food & Grocery segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment engages in the distribution of liquor products to retail outlets and hotels. The Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The company serves independent retailers in the food, liquor, and hardware sectors. Metcash Limited was founded in 1920 and is based in Macquarie Park, Australia.

Top 10:

Accumulation Distribution

Download button icon Download
Company Close Change (%) Volume Value Signal
BNO Bionomics 0.19 54.2 16,758,073 245,784.2 BULLISH
BEE Broo 0.07 47.7 1,614,650 155,442.2 BULLISH
AHG Advance Healthcare 1.78 8.6 1,763,317 528,591 BULLISH
SLR Silver Lake Resources 0.65 5.7 3,558,611 1,041,871.6 BULLISH
FID Fiducian 5.18 5.1 18,881 22,448.2 BULLISH
KAR Karoon Gas Australia 1.05 4.5 722,281 1,402,604.3 BULLISH
KMD Kathmandu 2.34 4.5 74,912 27,492.9 BULLISH
NWH NRW 2.08 4.3 1,840,396 355,228.1 BULLISH
PME Pro Medicus 14.44 4 166,039 6,668.5 BULLISH
CUV Clinuvel Pharmaceuticals 23.8 3.5 178,523 35,698.3 BULLISH
back to top