|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Trading: SELL @ $1.805
Signal Strength: MEDIUM
Opthea (ASX:OPT) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -131133. day. During the quarter, the lowest ADLINE value was -814216.
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: Opthea (OPT.AX)
Stock Exchange: ASX
Ticker Codes: | OPT.AX | ASX:OPT |
Opthea Limited develops and commercializes therapies primarily for eye disease in Australia. The company's development activities are based on the intellectual property portfolio covering Vascular Endothelial Growth Factors (VEGF) C and D, and VEGF Receptor-3 for the treatment of diseases associated with blood and lymphatic vessel growth, as well as vascular leakage. Its lead molecule is OPT-302, a soluble form of VEGFR-3, which is in Phase 1/2A clinical trial for the treatment of back of the eye diseases, such as wet age-related macular degeneration that is the cause of blindness in elderly and diabetic populations. The company was formerly known as Circadian Technologies Limited and changed its name to Opthea Limited in December 2015. Opthea Limited is based in South Yarra, Australia.
|BBN Baby Bunting||2.11||24.1||1,475,856||-42,935.9||BEARISH|
|AJX Alexium International||0.04||17.6||638,300||-37,869.5||BEARISH|
|VRL Village Roadshow||1.14||14||354,335||-315,796.5||BEARISH|
|SXY Senex Energy||0.17||13.8||12,737,087||-917,734.1||BEARISH|
|AGI Ainsworth Game Technology||0.41||12.3||313,697||-39,928.2||BEARISH|
|FBR Fastbrick Robotics||0.02||11.8||7,768,233||-3,517,910.7||BEARISH|
|OSP Osprey Medical||0.01||9.1||1,397,174||-67,689.4||BEARISH|
|AVJ Av Jennings Homes||0.43||9||178,441||-8,062.5||BEARISH|