Pinescript Trading Indicators by Kenzing Australia

Tradingview Freelancer Grant Peace

Pine Script Trading Indicators for Tradingview

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ASX:NCM Newcrest Mining (GOLD) Bullish Outlook

This company has a high Price to Earnings ratio (33.72) relative to the sector (15.18). However, this can be explained as the stock is very strong fundamentally. 

Newcrest has a very low debt to equity ratio (26.7%) for the size of the company (17.498bn). We can compare this to ASX:ASL Ausdrill, another gold 0.45% company that closely tracks the global spot price ofgold 0.45% as both companies have a over 80% of revenue attributed to gold 0.45% . 
Ausdrill has a debt to equity ratio of 61.7% and only a market capitalisation of 0.9bn, yet trades at a Price to Earnings ratio of 27.72. 

If we were to value Newcrest based against these statistics alone, the Price to Earnings of Newcrest should be 37.42 which is 10.97% higher than the current ratio. This would allow the price to break up above the trend and continue on an upward trajectory. 

This discovery is significant because Newcrest can comfortably retain more debt which can bring benefits such as acquisitions or new project ventures that add value to the company, or an increase in shareholder dividends that adds value to the shareholders and as a result, an increase in share price. 

The dividend yield of Newcrest (0.7%) is relatively low for the size of the company, especially when comparing the figure to Ausdrill (1.6%). The dividend stability of Newcrest is negligibly higher compared to the difference in return value between the two. 

This is just a brief observation and should not be considered trading advice. I also have a bullish outlook on the global spot price of Gold 0.45% which can be viewed in my related ideas below. 



ASX:NCM Newcrest Mining (GOLD) Bullish Outlook by GrantPeace on TradingView.com



ASX:NCM Newcrest Mining (GOLD) Bullish Outlook by GrantPeace on TradingView.com



ASX:NCM Newcrest Mining (GOLD) Bullish Outlook by GrantPeace on TradingView.com

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January 24, 2018 Tagged With: asx, Mining, ncm, newcrest, Pinescript, Tradingview

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ASX:AJM Flood of Block Transactions

Altura FPO is moving upwards, against technical indicators. Heaps of of long volume probably as a result of the lithium hype. We could see a run up past the November 7th high of 46.5c.  Port Phillip Insider also notified their paid subscribers that AJM has been added to their watch list on new years day.

Whats HOT about AJM:

  1. Surging Lithium Demand
  2. Near term production
  3. Port Phillip Publishing added Insider coverage and notified paid subscribers on New Years Day.

Whats NOT HOT about AJM:

  1. AJM forecasting an 82% clearance rate while nearby mature mines are producing with only 72% clearance rates or less.
  2. CMC Markets showing AJM fair market value at 0.31.

The Tradingview indicator chart below was generated using the Kenzing Pinescript “Block Transaction – Follow the Money” and is available for purchase.

For more information, please visit this URL:

https://www.kenzing.com/product/block-transaction/

Add to Cart



ASX:AJM Flood of Block Transactions by GrantPeace on TradingView.com



ASX:AJM Flood of Block Transactions by GrantPeace on TradingView.com



ASX:AJM Flood of Block Transactions by GrantPeace on TradingView.com

Altura Mining announces green light for lithium expansion by Jessica Ellerm FNN November 13, 2017 11:05 AM

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January 2, 2018 Tagged With: AJM, Altura, block, Mining, Pinescript, Port Phillip Publishing, transaction

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  • Home
  • Pine Scripts
    • Trading Indicator Bundle
    • Power Bar
    • Crypto – Adjusted Moving Average
    • Crypto-Adjusted Relative Strength Index
    • Crypto-Adjusted Parabolic Stop and Reverse
    • Crypto-Adjusted Exponential Moving Average
    • Block Transaction
    • Technology-Adjusted Parabolic Stop and Reverse
    • Bears vs Bulls
    • Volatility Intensifier
    • Technical Indicator Pool
    • Probability Genius
    • Zebralligator
    • Monte-Carlo (200 walks)
    • Random Walks
    • Extreme Trend Amplifier
  • Ideas
    • Bitcoin
    • Ethereum
    • IOTA
    • Monaco – MCO
    • Monero
    • Ripple
    • Siacoin
    • Stratis
    • TENX
  • ASX
    • Altura Mining Limited – ASX: AJM
    • Cokal Ltd – ASX: CKA
    • Newcrest Mining – ASX: NCM
    • ASX Market Watch
  • Resources
    • Script Access
  • Account
  • Cart
  • Checkout
  • Contact
  • 0 items$0.00