Terramin Australia (TZN)

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Terramin Australia (TZN): Signals

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TECHNICAL ANALYSIS SUMMARY

Terramin Australia (TZN.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $0.12
Signal Strength: MEDIUM
Recommendation:

Terramin Australia (ASX:TZN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 20815.2. day. During the quarter, the highest ADLINE value was 23528.5.


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.


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: Terramin Australia (TZN.AX)


Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | ASX:TZN |

About Terramin Australia (ASX:TZN):

Terramin Australia Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of base and precious metals, and other economic mineral deposits in Australia and internationally. The company primarily explores for zinc, lead, gold, copper, and rare earth elements. Its flagship project is the Tala Hamza zinc project located on the Mediterranean coast in Algeria. The company was incorporated in 1993 and is based in Fullarton, Australia.

Top 10:

Accumulation Distribution

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SAR Saracen Mineral 2.39 5.3 5,223,164 2,009,047.3 BULLISH
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SBM St Barbara Mines 4.11 4.8 3,162,759 497,862.9 BULLISH
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FDV Frontier Digital Ventures 0.56 3.7 94,846 64,680.1 BULLISH
BKY Berkeley Resources 0.29 3.6 1,946,017 406,541.7 BULLISH
SLR Silver Lake Resources 0.59 3.5 1,480,590 386,156.8 BULLISH
SPL Starpharma Holdings 1.5 3.4 349,274 44,338 BULLISH
MGC Mg Unit Trust 0.34 3.1 135,617 122,917.4 BULLISH
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