[BEARISH]: Tegel current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4.62033e+006. day. During the quarter, the lowest ADLINE value was -4.80242e+006.
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: Tegel (TGH.AX)
Stock Exchange: ASX
Ticker Codes: | TGH.AX | ASX:TGH |
Tegel Group Holdings Limited, together with its subsidiaries, engages in the breeding, hatching, processing, marketing, and distribution of poultry products in New Zealand and internationally. The company offers value added main meals, snacks, and convenience meal options; sausages; and processed meat products, as well as fresh and frozen whole chickens, and portions. It also produces turkey, and supplies whole turkeys and value added roast products. The company manufactures and markets its products under the Bright's, Top Hat, and Hungry brands. The company also exports its products under the Pure New Zealand Premium Chicken name. Tegel Group Holdings Limited supplies its products to supermarkets, other retail outlets, processors, hotels, restaurants, distributors, and fast food customers. The company was founded in 1961 and is based in Auckland, New Zealand.
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