New Zealand King Salmon Investments (NZK)

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New Zealand King Salmon Investments (NZK): Signals

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TECHNICAL ANALYSIS SUMMARY

New Zealand King Salmon Investments (NZK.AX)


Indicator:

MONEY FLOW INDEX


Last Signal:

BEARISH


Trading: SELL @ $2.07
Signal Strength: MEDIUM
Recommendation:

New Zealand King Salmon Investments (ASX:NZK) current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 4.38. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 71.37.


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.


Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.

Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)

Top 10:

Money Flow Index

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Company Close Change (%) Volume Value Signal
RWC Reliance Worldwide Corporation 4.37 2.3 3,134,449 19.81 BEARISH
RKN Reckon 0.69 2.2 17,323 14.68 BEARISH
MXI Maxitra Industries 0.51 2 9,340 15.05 BEARISH
ONE Oneview Healthcare 0.56 1.8 1,570 12.02 BEARISH
LAU Lindsay Australia 0.37 1.4 64,450 17.24 BEARISH
YAL Yancoal Australia 3.36 0.6 10,254 5.46 BEARISH
CNI Centuria Capital 1.28 0.4 109,437 14.12 BEARISH
QIN Quintis 0.3 0 0 0 BEARISH
RCR RCR Tomlinson 0.87 0 0 0 BEARISH
OHE Orion Health 1.1 0 0 0 BEARISH
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