Midway (MWY)

Download button icon Download

Midway (MWY): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Midway (MWY.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $3.1
Signal Strength: MEDIUM
Recommendation:

Midway (ASX:MWY) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -52309.1. day. During the quarter, the lowest ADLINE value was -547565.


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.


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: Midway (MWY.AX)


Stock Exchange: ASX
Company: Midway
Ticker Codes: | MWY.AX | ASX:MWY |

About Midway (ASX:MWY):

Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.

Top 10:

Accumulation Distribution

Download button icon Download
Company Close Change (%) Volume Value Signal
MTO Moto Goldmines 2.6 8.3 43,680 -8,393.6 BEARISH
CCP Credit Corp 19.99 6 515,529 -49,004.7 BEARISH
MGX Mount Gibson Iron 0.48 5.6 1,145,128 -318,116.2 BEARISH
VOC Vocus Communications 3.4 5.6 6,543,793 -209,908.4 BEARISH
HFR Highfield Resources 0.57 4.6 39,786 -18,250.5 BEARISH
FLN Freelancer 0.62 4.2 319,263 -22,212.7 BEARISH
SWM Seven West Media 0.89 4.1 3,491,485 -61,430.5 BEARISH
SXL Southern Cross Media 1.22 3.8 2,723,108 -1,196,722.2 BEARISH
IAG Insurance Australia 7.24 3.6 6,338,445 -438,689.7 BEARISH
ISD Isentia 0.3 3.5 872,612 -2,067,082.6 BEARISH
back to top