Whitehaven Coal (WHC.AX)
CHAIKIN MONEY FLOW
Trading: BUY @ $5.56
Signal Strength: STRONG
Whitehaven Coal (ASX:WHC) current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.01. During the quarter, the highest CMF value was 0.02 occurring on the Oct 18 2018.
A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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: Whitehaven Coal (WHC.AX)
Stock Exchange: ASX
Company: Whitehaven Coal
Ticker Codes: | WHC.AX | ASX:WHC |
Whitehaven Coal Limited develops and operates coal mines in New South Wales. The company operates through Open Cut Operations and Underground Operations segments. It operates five mines in North West New South Wales; four open cut mines at Maules Creek, Werris Creek, Tarrawonga, and Rocglen; and one underground mine at Narrabri. The company offers thermal coal and metallurgical coal used in the production of steel. As of August 17, 2017, it had approximately 974 million tons of recoverable coal reserves; and 862 million tons of marketable coal reserves. The company sells its coal primarily in Japan, Taiwan, India, Korea, China, Chile, Malaysia, Vietnam, Noumea, Indonesia, Australia, and Mexico. Whitehaven Coal Limited was founded in 1999 and is headquartered in Sydney, Australia.
Chaikin Money FlowDownload
|SHJ Shine Corporate||0.87||3.6||1,503,548||0.41||BULLISH CROSSOVER|
|ABP Abacus Property||3.25||1.6||941,254||0.08||BULLISH CROSSOVER|
|AIA Auckland International Airport||6.51||1.2||176,258||0.05||BULLISH CROSSOVER|
|QUB Qube Logistics||2.5||0.8||2,239,774||0.01||BULLISH CROSSOVER|
|BWP Bunnings Warehouse Property Trust||3.34||0.6||1,020,396||0.1||BULLISH CROSSOVER|
|NCM Newcrest Mining||20.56||0.3||2,289,550||0.01||BULLISH CROSSOVER|
|AGL AGL Energy||18.97||0.2||1,632,036||0.02||BULLISH CROSSOVER|
|BAP Burson||7.1||-0.4||735,809||0.02||BULLISH CROSSOVER|
|AOG Aveo||1.97||-2||2,169,624||0.05||BULLISH CROSSOVER|
|CGC Consolidated Gaming Corporation||6.29||-2.2||1,234,786||0.01||BULLISH CROSSOVER|