Trading indicator
Accumulation DistributionTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Accumulation Distribution
Score
-1.2
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 28 | 13.9 | 0.36% | 0.50% | 3.5% | -4.1% | -47.3% |
| SHORT | 28 | 13.8 | 0.39% | 0.65% | 5.5% | -5.2% | -28.1% |
Summary
Technical Analysis
Oceanagold Corporation (OGC.AX)
Indicator:
ACCUMULATION
Last Signal:
BEARISH
Trading: SELL @ $2.72
Signal Strength: MEDIUM
Recommendation:
Oceanagold Corporation (ASX:OGC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -58884.5. day. During the quarter, the lowest ADLINE value was -258355.
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: Oceanagold Corporation (OGC.AX)
Stock Exchange: ASX
Company: Oceanagold Corporation
Ticker Codes: | OGC.AX | ASX:OGC |
OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.
Top 10:
Accumulation Distribution
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| SYR Syrah Resources | 0.47 | 6.8 | 2,759,087 | -63,873 | BEARISH CROSSOVER |
| SDA Speedcast International | 0.76 | 3.4 | 2,991,801 | -140,356 | BEARISH CROSSOVER |
| CPU Computershare | 17.28 | 3.2 | 2,005,463 | -50,952.3 | BEARISH CROSSOVER |
| DMP Domino | 52.25 | 2.2 | 186,639 | -16,293.3 | BEARISH CROSSOVER |
| CGC Consolidated Gaming Corporation | 2.46 | 2.1 | 1,718,719 | -1,161,665.7 | BEARISH CROSSOVER |
| NAN Nanosonics | 6.53 | 2 | 934,956 | -126,544.7 | BEARISH CROSSOVER |
| IFN IFN | 0.62 | 1.6 | 172,828 | -236,970.2 | BEARISH CROSSOVER |
| IRI Integrated Research | 3.28 | 1.5 | 113,561 | -16,841 | BEARISH CROSSOVER |
| GWA GWA | 3.39 | 1.2 | 625,553 | -8,840 | BEARISH CROSSOVER |
| SUL Super Cheap Auto | 9.99 | 1 | 326,077 | -29,484 | BEARISH CROSSOVER |