Scottish Pacific (SCO)

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Scottish Pacific (SCO): Signals

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TECHNICAL ANALYSIS SUMMARY

Scottish Pacific (SCO.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $4.37
Signal Strength: MEDIUM
Recommendation:

Scottish Pacific (ASX:SCO) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -99130.3. day. During the quarter, the lowest ADLINE value was -1.79172e+006.


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: Scottish Pacific (SCO.AX)


Stock Exchange: ASX
Company: Scottish Pacific
Ticker Codes: | SCO.AX | ASX:SCO |

About Scottish Pacific (ASX:SCO):

Scottish Pacific Group Limited provides working capital solutions to small and medium sized enterprises in Australia, New Zealand, the United Kingdom, and Hong Kong. The company operates in two segments, Debtor Financing and Trade Financing. It offers invoice discounting, factoring, cash line, asset finance, bad debt protection, progress claim finance, and other specialized products. The company also provides import and export finance, and trade line products; and supply chain financial services. It primarily serves temporary labor hire, recruitment, manufacturing, wholesale, business services, transport, printing, and wholesale fashion industries. The company was formerly known as Tartan Holdco Pty Ltd and changed its name to Scottish Pacific Group Limited in June 2016. Scottish Pacific Group Limited was founded in 1988 and is headquartered in Sydney, Australia.

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