Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Accumulation Distribution

Score

-1.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 23 13.6 0.48% 0.79% 2.6% -3.0% -13.7%
SHORT 24 19.3 0.29% 0.39% 2.0% -3.8% -53.7%

Summary

Technical Analysis

Midway (MWY.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $3.48
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 -22352.7. day. During the quarter, the lowest ADLINE value was -455963.


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.

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Accumulation Distribution

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Company Close Change(%) Volume Value Signal
DNA Donaco International 0.12 9.1 3,465,966 -1,022,176 BEARISH
RIC Ridley Corporation 1.24 7.9 738,777 -145,762.7 BEARISH
NMT Neometals 0.22 4.9 479,038 -124,172.3 BEARISH
WAF West African Resources 0.33 4.8 3,311,755 -125,576.3 BEARISH
LAU Lindsay Australia 0.34 4.6 181,661 -20,488.6 BEARISH
DNK Danakali 0.71 4.4 160,675 -34,891.3 BEARISH
CDP Carindale Property Trust 6.95 3.4 26,038 -3,823.7 BEARISH
HPI Hotel Property Investments 3.65 3.4 242,113 -1,796.7 BEARISH
SYR Syrah Resources 0.86 3 7,057,555 -2,986,458.7 BEARISH
VAH Virgin Australia Holdings 0.17 3 676,369 -255,606.4 BEARISH