Saracen Mineral (SAR.AX)
Trading: SELL @ $2.49
Signal Strength: MEDIUM
Saracen Mineral (ASX:SAR) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -261715. day. During the quarter, the lowest ADLINE value was -528729.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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: Saracen Mineral (SAR.AX)
Stock Exchange: ASX
Company: Saracen Mineral
Ticker Codes: | SAR.AX | ASX:SAR |
Saracen Mineral Holdings Limited engages in the gold mining business in Australia. It also explores for nickel deposits. The company holds 100% interest in the Carosue Dam operations located in north-east of Kalgoorlie, Western Australia. It also holds interests in Thunderbox operations located in the Yandal belt and the Agnew-Wiluna belt in the North Eastern Goldfields of Western Australia. Saracen Mineral Holdings Limited is headquartered in Perth, Australia.
|AXP Airxpanders Inc||0.04||20||3,531,549||-1,484,886.5||BEARISH|
|EDE Eden Energy||0.08||16.9||25,070,313||-2,081,254.3||BEARISH|
|FIG Freedom Insurance||0.06||9.3||846,374||-256,950.7||BEARISH|
|SHJ Shine Corporate||0.8||4.6||43,921||-38,131.5||BEARISH|
|GTN GTN Resources||2.04||4.6||34,507||-6,854.4||BEARISH|
|RAP Resapp Health||0.12||4.5||1,368,870||-513,617.2||BEARISH|
|LLC Lend Lease Corporation||13.27||3.8||7,329,601||-3,453,627||BEARISH|
|WAF West African Resources||0.29||3.6||1,953,448||-138,184.2||BEARISH|