Charting, page-36

First 36 Last

Share
Profile

Follow
tombo

1,117 Posts.

18

11/12/16

19:38

Post #: 21258683
Share

Originally posted by seagull ↑

PSY Volume Accumulation / Distribution

Start date 4/1/16
Here you go @tombo.
My interpretation of accumulation / distribution may be flawed but this is how I saw the year so far.

It is also must be remembered that accumulation is not always by professionals & I would say that the majority of accumulation is more than likely unintended in the whole and is the result of investors / traders getting it wrong & consequentially being stuck in unprofitable trades & reluctant to take the loss as it happens.
Distribution on the other hand is the result of professionals having accumulated at lower prices then marking up the price to catch the unwary.
The results of my number crunching are not therefore to be relied on & what appears to be accumulated in one trading range may well have been sold / redistributed in the next.

Based on the ranges as I see them & using the average price of each range, buying was calculated as being up to & equal to the average price & selling was above the average.
Based on that theory then the numbers calculated from the monthly, weekly & daily charts are :-

During the year there were 2 distinct monthly trading range areas.
The 1^stwas from 4/1/16 to 30/9/16. During that period 130,645,328 shares changed hands.
76,308,637 buying & 54,336,691 selling. This resulted in a distribution / accumulation of 21,971,946 shares.
The 2^nd monthly range was from 30/9/16 to the current time. During this period 25,451,430 were traded, 17,938,164 were bought, 7,513,266 were sold resulting in 10,424,898 being accumulated / distributed.
The total monthly numbers for the year therefore are 156,096,758 traded, 94,246,801 bought, 61,849,957 sold & 32,396,844 accumulated / distributed.

The weekly charts show 5 distinct trading ranges.
I won’t bother to list them all but over all these resulted in 156,096,758 traded, 106,664,952 bought, 45,701,080 sold & resulting in 60,963,872 being accumulated / distributed.

The daily charts show 6 distinct trading ranges.
The numbers for these are 156,096,758 traded, 103,329,637 bought and 63,974,676 sold, resulting in an overall accumulation / distribution of 39,354,961 shares.

I don’t really know if anything can be deduced from the difference between the different time frames other than that the professionals have had a field day & made a motza from trading during the year.
The attached chart show the daily chart with the monthly, weekly & daily ranges outlined.
The spread sheet shows the figures for each of the ranges in their time frames.

For the rest of the year I presume we will see more of the same activity with accumulation continuing. We appear to be meeting resistance at the dotted down trend line with another one converging around the top of the range at $0.075 area.
PSY is currently in a short term up trend & the stoch on all time frames is now rising although the monthly is still well down in the oversold area.
Someone is actively accumulating & supporting the sp at the moment so now is not the time to be selling, particularly given the presentation by the company & the positive feed back & explanations of that presentation by Charles89.
View attachment 373034 View attachment 373049 View attachment 373037

Expand

Seagull, thanks for that. Whilst our views somewhat differ on the state of play over the past 12 months we share a commonality as holders in seeing PSY succeed.

Know that your efforts are valued and much appreciated in the spirit they're delivered despite any differences.

Merry Xmas Seagull and here's to a green 2017

PSY Price at posting: 7.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Banking on ANZ in this week's Hot Stock tips

INA

Ingenia shares jump 7% on strong revenue and earnings figures

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

There are more pages in this discussion • 6 more messages in this thread...

First 36 Last

Add HYD (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change -0.002(14.3%)		Mkt cap ! $3.050M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.2¢	$1.753K	142.7K

Buyers (Bids)

No.	Vol.	Price($)
1	220000	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	95554	2

View Market Depth

No.	Vol.	Price($)
1	220000	0.011
3	672818	0.010
1	764356	0.009
2	190682	0.008
1	200000	0.007

Price($)	Vol.	No.
0.014	95554	2
0.015	252975	3
0.016	97844	2
0.017	250000	1
0.018	418098	3

Last trade - 13.35pm 20/08/2024 (20 minute delay)

HYD (ASX) Chart

Charting, page-36

'Joaquin Silver District' acquisition to become a key asset for Unico

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Banking on ANZ in this week's Hot Stock tips

Ingenia shares jump 7% on strong revenue and earnings figures

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Charting, page-36

Top Stories

'Joaquin Silver District' acquisition to become a key asset for Unico

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Banking on ANZ in this week's Hot Stock tips

Ingenia shares jump 7% on strong revenue and earnings figures

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News