Codan Pink Sheet Forecast - Accumulation Distribution

Codan Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Codan's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
On August 2, 2024 Codan Limited had Accumulation Distribution of 0. The accumulation distribution (A/D) indicator shows the degree to which Codan is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Codan Limited to determine if accumulation or reduction is taking place in the market. This value is adjusted by Codan trading volume to give more weight to distributions with higher volume over lower volume.
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Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Consideration for investing in Codan Pink Sheet

If you are still planning to invest in Codan Limited check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Codan's history and understand the potential risks before investing.
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