Watpac (WTP)

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Watpac (WTP): Signals

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TECHNICAL ANALYSIS SUMMARY

Watpac (WTP.AX)


Indicator:

MONEY FLOW INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.91
Signal Strength: MEDIUM
Recommendation:

Watpac (ASX:WTP) current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 8.69. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 98.76.


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.


Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.

Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)

Top 10:

Money Flow Index

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Company Close Change (%) Volume Value Signal
IRD Iron Road 0.06 7.8 20,000 9.11 BEARISH
AJM Altura Mining 0.19 5.7 2,026,441 13.59 BEARISH
ISU Iselect 0.78 3.3 29,079 14.27 BEARISH
AKP Audio Pixels Holdings 16.55 2.4 279 14.99 BEARISH
RIC Ridley Corporation 1.35 1.9 72,686 5.68 BEARISH
QMS Qms Media 0.91 1.1 19,837 5.38 BEARISH
SIV Silver Chef 1.52 0.7 77,427 18.86 BEARISH
QIN Quintis 0.3 0 0 0 BEARISH
PMP PMP 0.21 0 4,223 8.03 BEARISH
CBL Cbl Corporation 2.82 0 0 0 BEARISH
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