Rio Tinto (RIO.AX)
CHAIKIN MONEY FLOW
Trading: HOLD @ $78.52
Signal Strength: MEDIUM
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.
Rio Tinto (ASX:RIO) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.34. RIO.AX received a confirmed CMF crossover days on the Aug 31 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.42 occurring on the Aug 31 2018.
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: Rio Tinto (RIO.AX)
Stock Exchange: ASX
Company: Rio Tinto
Ticker Codes: | RIO.AX | ASX:RIO |
Rio Tinto Limited engages in finding, mining, and processing mineral resources primarily in Australia and North America. It offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, thermal and metallurgical coal, uranium, silver, molybdenum, sulphuric acid, rhenium, lead carbonate, selenium, ductile iron, steel billets, metal powders, and zircon. The company also operates in Asia, Europe, Africa, and South America. Rio Tinto Limited was incorporated in 1959 and is headquartered in Melbourne, Australia.
Chaikin Money FlowDownload
|PMP PMP||0.19||2.8||234,093||-1||BEARISH CROSSUNDER|
|SHJ Shine Corporate||0.87||2.4||11,068||0.04||BEARISH CROSSUNDER|
|LIC Lifestyles Communities||6.1||2.2||51,921||-0.01||BEARISH CROSSUNDER|
|OSH Oil Search||8.9||1.8||4,006,611||-0.01||BEARISH CROSSUNDER|
|QVE QV Equities||1.17||1.7||214,168||-0.08||BEARISH CROSSUNDER|
|ILU Iluka Resources||10.02||1.7||1,718,930||0.02||BEARISH CROSSUNDER|
|KSL Kina Securities||1.07||1.4||451,956||0.02||BEARISH CROSSUNDER|
|NWS News Corporation||18.17||1.3||275,260||0.02||BEARISH CROSSUNDER|
|MIN Mineral Resources||16.18||0.9||908,805||-0.05||BEARISH CROSSUNDER|
|TRS Reject Shop||4.94||0.8||34,073||0||BEARISH CROSSUNDER|