|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
CHAIKIN MONEY FLOW
Trading: HOLD @ $82.3
Signal Strength: MEDIUM
Xero (ASX:XRO) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.05. XRO.AX received a confirmed CMF crossover days on the Nov 20 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.24 occurring on the Nov 20 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: Xero (XRO.AX)
Stock Exchange: ASX
Ticker Codes: | XRO.AX | ASX:XRO |
Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app. The company serves various businesses, such as retail, high tech, non-profit, legal, Amazon sellers, hospitality, cafÚs, startups, construction, creatives, e-commerce, small business, healthcare, farming, manufacturing, tourism, and real estate. Xero Limited was founded in 2006 and is headquartered in Wellington, New Zealand.
|OCL Objective Corporation||6.49||10||35,078||0.07||BULLISH|
|MCY Mighty River Power||5||7.1||7,917||0.56||BULLISH|
|TBR Tribune Resources||6.24||4.2||96,157||0.31||BULLISH|
|PNR Pacific Niugini Minerals||0.14||3.7||2,478,287||0.16||BULLISH|
|PGC Paragon Care||0.45||3.5||206,495||0.27||BULLISH|
|IGL International Goldfields||2.34||3.1||734,472||0.51||BULLISH|
|MFG Magellan Financial||52.34||2.9||388,502||0.1||BULLISH|
|MOC Mortgage Choice||1.29||2.8||164,923||0.26||BULLISH|