Enzolytics Inc (ENZC)

[foxi]

Accumulation Distribution takes volume and price into account, and there's a multiplier that increases the effect depending on if the price closed high or low in the daily range.

The multiplier in the calculation provides a gauge for how strong the buying or selling was during a particular period. It does this by determining whether the price closed in the upper or lower portion of its range. This is then multiplied by the volume. Therefore, when a stock closes near the high of the period’s range and has high volume, it will result in a large A/D jump. Alternatively, if the price finishes near the high of the range but volume is low, or if the volume is high but the price finishes more toward the middle of the range, then the A/D will not move up as much.

The same concepts apply when the price closes in the lower portion of the period’s price range. Both volume and where the price closes within the period’s range determine how much the A/D will decline.

https://www.investopedia.com/terms/a/accumulationdistribution.asp

In a nutshell, high volume days where the price closes near the top or the bottom of the price range will have the biggest impact on Acc/Dist.

We've seen a lot of surprise cliff drops and stuff like last Friday where they forced price to close lower in the range by spamming blocks of just 100 shares with a trading bot. This goes back to a lot of people saying charts are of limited reliability in the OTC. (Though IMO charts can still be a helpful supplement to DD - we're doing a gapfill today that was easy to see coming on the charts.)

Another trick they might be using is naked shorts, covered intraday so they stay completely off the books. With trading bots managing risk in realtime, and free rein to manipulate the ticker of a company that doesn't provide frequent or concrete news, they could make tiny bits of low risk profit every day as long as retail keeps buying cheapies.

At the end of the day, this is in long term downtrend and ENZC needs to deliver on its promises to reverse that. Acc/Dist not increasing, for what it's worth suggests we're not at the bottom yet. I'd be surprised if MMs are accumulating any, if every month they keep taking it lower.



.