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



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 17.8 0.42% 0.63% 2.4% -2.3% -6.7%
SHORT 12 45.1 0.58% 1.40% 14.3% -3.4% 82.8%


Technical Analysis

Pact (PGH.AX)



Last Signal:


Trading: BUY @ $2.8
Signal Strength: STRONG

Pact (ASX:PGH) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 546.2. During the quarter, the highest ADLINE value was 216199.

A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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.


Stock Exchange: ASX
Company: Pact
Ticker Codes: | PGH.AX | ASX:PGH |

About Pact (ASX:PGH):

Pact Group Holdings Ltd manufactures and supplies rigid plastics and metal packaging in Australia, New Zealand, China, the Philippines, Singapore, Indonesia, Thailand, and the United States. The company operates in two segments, Pact Australia and Pact International. It primarily converts plastic resin and steel into rigid packaging and other products for customers in the food and beverage, personal care, household consumer, industrial and chemical, materials handling, infrastructure, agricultural, and other sectors. The company's products comprise yoghurt containers, cream and ice-cream containers, milk and beverage bottles, margarine tubs, food jars, meat and bakery trays, cubes, pails, tubes and cartridges, bottle caps and closures, and other customized packaging; steel drums, tinplate pails, and other metal containers; and plastic material handling, industrial, and technical products, as well as sustainability products and services. In addition, it offers materials handling solutions and associated services; contract manufacturing services for pharmaceutical and aerosol based products; recycling services; and crate pooling and hire services. Pact Group Holdings Ltd was founded in 2002 and is headquartered in Richmond, Australia.

Top 10:

Accumulation Distribution

Company Close Change(%) Volume Value Signal
LNG Liquefied Natural Gas 0.3 25.5 6,662,815 245,896.6 BULLISH CROSSOVER
BPT Beach Petroleum 2 5.3 9,549,948 640,282.5 BULLISH CROSSOVER
SHJ Shine Corporate 0.71 4.4 63,355 5,244.2 BULLISH CROSSOVER
PLS Pilbara Minerals 0.49 3.2 6,956,756 649,322.7 BULLISH CROSSOVER
SMN Structural Monitoring Systems 0.7 2.9 7,629 55.9 BULLISH CROSSOVER
COE Cooper Energy 0.55 2.8 3,930,881 190,308.9 BULLISH CROSSOVER
EVN Evolution Mining 4.96 2.7 9,672,395 16,505.8 BULLISH CROSSOVER
GOR Gold Road Resources 1.43 2.5 4,024,886 103,447.7 BULLISH CROSSOVER
ABC Adelaide Brighton 4.46 2.5 2,278,645 404,649.8 BULLISH CROSSOVER
NUF Nufarm 4.69 2.4 2,158,990 10,460.9 BULLISH CROSSOVER