Zeolite Australia (ZEL)

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Zeolite Australia (ZEL): Signals

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TECHNICAL ANALYSIS SUMMARY

Zeolite Australia (ZEL.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $5.83
Signal Strength: MEDIUM
Recommendation:

Zeolite Australia (ASX:ZEL) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 552.8. day. During the quarter, the highest ADLINE value was 4436.3.


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: Zeolite Australia (ZEL.AX)


Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |

About Zeolite Australia (ASX:ZEL):

Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.

Top 10:

Accumulation Distribution

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Company Close Change (%) Volume Value Signal
EDE Eden Energy 0.11 18.3 18,226,541 2,346,856.5 BULLISH
BAF Blue Sky Alternatives 0.9 5.9 979,344 145,869.2 BULLISH
CCV Cash Converters International 0.28 5.8 647,158 44,897.9 BULLISH
SMN Structural Monitoring Systems 1.1 5.8 33,656 21,238.9 BULLISH
VOC Vocus Communications 3.4 5.6 6,543,793 1,085,201.3 BULLISH
MGX Mount Gibson Iron 0.48 5.6 1,145,128 234,711 BULLISH
NWH NRW 2.05 5.1 1,094,979 227,334.7 BULLISH
GNG GR Engineering Services 1.31 4.8 25,920 4,758.4 BULLISH
FMG Fortescue Metals 3.97 4.5 17,327,462 4,225,528 BULLISH
COE Cooper Energy 0.49 4.3 2,132,013 1,134,397 BULLISH
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