Qantas Airways (QAN.AX)
CHAIKIN MONEY FLOW
Trading: HOLD @ $5.75
Signal Strength: MEDIUM
Qantas Airways (ASX:QAN) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.12. QAN.AX received a confirmed CMF crossover days on the Nov 2 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.15 occurring on the Nov 2 2018.
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: Qantas Airways (QAN.AX)
Stock Exchange: ASX
Company: Qantas Airways
Ticker Codes: | QAN.AX | ASX:QAN |
Qantas Airways Limited provides passenger and freight air transportation services in Australia and internationally. The company also offers catering, and holiday and travel services, as well as cargo and express ground handling services; and operates frequent flyer loyalty program. In addition, it provides logistics services, including interstate trucking services for domestic and international air cargo industry; courier services to small and medium size enterprises, and individuals; and a range of baggage services. As of June 30, 2016, it operated a fleet of 303 aircraft. The company was founded in 1920 and is headquartered in Mascot, Australia.
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