Regional Express

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

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 14.5 0.43% 0.62% 4.3% -2.7% -0.9%
SHORT 31 9.8 0.35% 0.48% 1.4% -2.2% -36.4%

Summary

Technical Analysis

Regional Express (REX.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $1.45
Signal Strength: STRONG
Recommendation:

Regional Express (ASX:REX) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 12767.8. During the quarter, the highest ADLINE value was 12767.8.


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.


PROFILE: Regional Express (REX.AX)


Stock Exchange: ASX
Company: Regional Express
Ticker Codes: | REX.AX | ASX:REX |

About Regional Express (ASX:REX):

Regional Express Holdings Limited, together with its subsidiaries, engages in the air transportation of passengers and freight in Australia. The company operates through Regular Public Transport and Charter segments. It provides defense and government related aviation support services; aero-medical services for ambulance Victoria; fly in/fly out charter services; express freight services; and air tours charter services. The company also offers training programs to students and other airlines. As of September 22, 2017, it operated a fleet of approximately 50 Saab 340 aircraft to 59 destinations in Australia. The company was formerly known as Australiawide Airlines Limited. Regional Express Holdings Limited is based in Mascot, Australia.

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Accumulation Distribution

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