Trading indicator
Daily Volume IndexBacktest results
| Position | Trades | Duration | Win rate | Win/loss | Avg win | Avg loss | Return |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Trading Performance
Daily Volume Index
Score
1.25
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 10 | 27.7 | 0.50% | 1.00% | 11.4% | -2.5% | 44.7% |
| SHORT | 10 | 40.9 | 0.30% | 0.43% | 3251.2% | -5.6% | 9714.2% |
Summary
Technical Analysis
Australian Ethical Investments (AEF.AX)
Indicator:
DAILY VOLUME INDEX
Last Signal:
BEARISH
Trading: SELL @ $1.98
Signal Strength: MEDIUM
Recommendation:
Australian Ethical Investments (ASX:AEF) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -65.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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.
The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.
Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];
PROFILE: Australian Ethical Investments (AEF.AX)
Stock Exchange: ASX
Company: Australian Ethical Investments
Ticker Codes: | AEF.AX | ASX:AEF |
Australian Ethical Investment Ltd is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm invests in clean energy, sustainable products, medical solutions, innovative technology, responsible banking, healthcare, recycling, energy efficiency, education, and aged care. It does not invest in coal, coal seam gas, oil, weapons, tobacco, logging, exploitation, gambling, human rights abuses, and harmful products. Australian Ethical Investment Ltd was founded in 1986 and is based in Sydney, Australia.
Top 10:
Daily Volume Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| AQG Alacer Gold Corp | 4.42 | 8.6 | 637,521 | 284 | BULLISH |
| NAN Nanosonics | 4.93 | 6.7 | 1,283,636 | 1,425 | BULLISH |
| DWS DWS | 1.13 | 6.6 | 119,422 | 356 | BULLISH |
| WGX Westgold Resources | 1.69 | 6.3 | 616,095 | 9,799 | BULLISH |
| IMD Imdex | 1.1 | 5.8 | 2,149,957 | 4,951 | BULLISH |
| NST Northern Star Resources | 10.54 | 5.6 | 3,773,663 | 5,301 | BULLISH |
| SAR Saracen Mineral | 3.66 | 5.5 | 4,153,957 | 4,536 | BULLISH |
| NZM Nzme | 0.49 | 5.4 | 65,620 | 1,264 | BULLISH |
| CIA Champion Iron | 3.24 | 4.9 | 531,475 | 5,399 | BULLISH |
| EVN Evolution Mining | 4.13 | 4.8 | 11,519,500 | 47,152 | BULLISH |