New Zealand King Salmon Investments

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

-0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 13.5 0.40% 0.59% 5.7% -4.1% -13.0%
SHORT 24 18.4 0.42% 0.63% 3.6% -6.0% -60.9%

Summary

Technical Analysis

New Zealand King Salmon Investments (NZK.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $2.36
Signal Strength: MEDIUM
Recommendation:

New Zealand King Salmon Investments (ASX:NZK) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 71.8. day. During the quarter, the highest ADLINE value was 3600.7.


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: New Zealand King Salmon Investments (NZK.AX)


Stock Exchange: ASX
Company: New Zealand King Salmon Investments
Ticker Codes: | NZK.AX | ASX:NZK |

About New Zealand King Salmon Investments (ASX:NZK):

New Zealand King Salmon Investments Limited produces, sells, and exports the King salmon species products worldwide. It offers whole fish; pre-cut fillets and portions; wood roasted and cold smoked products; and pet food products, as well as by-products, such as guts, heads, trim, skin, bones, tails, and frames. New Zealand King Salmon Investments Limited sells its products to retail and foodservice channels, and wholesalers under the Ora King, Regal, Southern Ocean, Big Catch, and Omega Plus brands. The company was incorporated in 2008 and is headquartered in Nelson, New Zealand. New Zealand King Salmon Investments Limited is a subsidiary of Oregon Group Limited.

Top 10:

Accumulation Distribution

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