Peet & Company

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

Score

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 32.8 0.54% 1.00% 3.8% -3.4% 3.0%
SHORT 13 24.8 0.62% 1.33% 2.6% -2.6% 5.6%

Summary

Technical Analysis

Peet & Company (PPC.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $1.15
Signal Strength: MEDIUM
Recommendation:

Peet & Company (ASX:PPC) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 83371.9. day. During the quarter, the highest ADLINE value was 94089.3.


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.


PROFILE: Peet & Company (PPC.AX)


Stock Exchange: ASX
Company: Peet & Company
Ticker Codes: | PPC.AX | ASX:PPC |

About Peet & Company (ASX:PPC):

Peet Limited acquires, develops, and markets residential land in Australia. The company operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services. The Company-Owned Projects segment acquires parcels of land for residential development purpose, as well as produces non-residential blocks of land. The Joint Arrangements segment undertakes the development of land through Joint arrangements with government, statutory authorities, and private landowners. As of June 30, 2017, it managed and marketed a land bank of approximately 52,000 lots. Peet Limited was founded in 1895 and is based in Perth, Australia.

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