Pilbara Minerals

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%

What indicators would you like to backtest?

Trading Performance

Chaikin Money Flow

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 20.8 0.58% 1.40% 20.7% -4.6% 122.0%
SHORT 12 41.4 0.50% 1.00% 9.8% -6.0% 22.5%

Summary

Technical Analysis

Pilbara Minerals (PLS.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BULLISH


Trading: HOLD @ $0.785
Signal Strength: MEDIUM
Recommendation:

Pilbara Minerals (ASX:PLS) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.18. PLS.AX received a confirmed CMF crossover days on the May 7 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.2 occurring on the May 7 2019.


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.

Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.

Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;


PROFILE: Pilbara Minerals (PLS.AX)


Stock Exchange: ASX
Company: Pilbara Minerals
Ticker Codes: | PLS.AX | ASX:PLS |

About Pilbara Minerals (ASX:PLS):

Pilbara Minerals Limited engages in the exploration, evaluation, and development of mineral resources in Australia. It focuses on the development of Pilgangoora Lithium-Tantalum Project located in the Pilbara region of Western Australia. Pilbara Minerals Limited has a strategic relationship with POSCO Cements. The company is headquartered in West Perth, Australia.

Top 10:

Chaikin Money Flow

Download
Company Close Change(%) Volume Value Signal
NHF NIB 6.82 15.8 4,054,736 0.61 BULLISH
MPL Medibank Private 3.21 11.5 23,800,298 0.37 BULLISH
MNY Money3 2.21 9.4 151,763 0.42 BULLISH
EMH European Metals Holdings 0.41 9.3 135,933 0.12 BULLISH
EML Emerchants 2.25 9.2 1,361,616 0.13 BULLISH
WBC Westpac Banking Corporation 27.75 9.2 24,404,464 0.25 BULLISH
AFA ASF 0.12 9.1 11,208 0.07 BULLISH
AHG Advance Healthcare 2.55 9 1,585,387 0.38 BULLISH
NAB National Australia Bank 25.81 7.9 23,451,421 0.18 BULLISH
ANZ Australia & Banking 27.86 7.8 14,554,708 0.19 BULLISH