Tpg Telecom (TPM.AX)
CHAIKIN MONEY FLOW
Trading: HOLD @ $6.92
Signal Strength: MEDIUM
Tpg Telecom (ASX:TPM) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. TPM.AX received a confirmed CMF crossover days on the Apr 9 2019. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.22 occurring on the Apr 9 2019.
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.
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: Tpg Telecom (TPM.AX)
Stock Exchange: ASX
Company: Tpg Telecom
Ticker Codes: | TPM.AX | ASX:TPM |
TPG Telecom Limited provides telecommunication services to residential, small business, corporate, government, and wholesale customers in Australia and internationally. It offers ADSL2+, NBN, fiber optic and Ethernet broadband access, telephony services, Internet protocol television, SIM only mobile plans, and various business networking solutions. The company also provides various bundle plans; Internet products, including broadband off-net and premium SHDSL solutions; POP3 and Internet message access protocol email accounts; phone cards; and video surveillance and business VOIP products. In addition, it offers virtual private network, point-to-point, Ethernet multipoint connectivity, wavelength, and dark fiber services; SIP and inbound voice, ISDN PRI and PSTN, and BizPhone services; and private cloud, virtual data center, national AWS connect, and co-location services. The company was formerly known as SP Telemedia Limited and changed its name to TPG Telecom Limited in December 2009. TPG Telecom Limited is headquartered in North Ryde, Australia.
Chaikin Money FlowDownload
|CLQ Clean Teq Holdings||0.35||6.1||952,642||0.1||BULLISH|
|CKF Collins Foods||7.62||5.2||433,211||0.15||BULLISH|
|EVO Evolve Education||0.22||4.9||50,300||0.03||BULLISH|
|PME Pro Medicus||18.71||4.8||285,946||0.08||BULLISH|
|MGX Mount Gibson Iron||1.16||4.5||4,798,264||0.3||BULLISH|
|DCN Dacian Gold||2.15||4.4||1,372,307||0.21||BULLISH|
|GBT Gbst Holdings||2.65||4.3||90,949||0.5||BULLISH|
|TPE Tpi Enterprises||1.35||4.3||6,830||0.22||BULLISH|