Candlestick Daily volume index Bar reversal Edit

Backtest 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%

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Trading Performance

Daily Volume Index

Score

-0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 29.6 0.36% 0.56% 4.6% -2.6% 0.0%
SHORT 14 20.2 0.36% 0.56% 1.7% -2.0% -9.9%

Summary

Technical Analysis

Amcor (AMC.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $15.59
Signal Strength: MEDIUM
Recommendation:

Amcor (ASX:AMC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -5086.


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: Amcor (AMC.AX)


Stock Exchange: ASX
Company: Amcor
Ticker Codes: | AMC.AX | ASX:AMC |

About Amcor (ASX:AMC):

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.

Top 10:

Daily Volume Index

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Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 13 328,122 -3,307 BEARISH
IPD Impedimed 0.12 9.5 2,638,079 -35,432 BEARISH
MGX Mount Gibson Iron 1.06 9.3 5,320,324 -19,073 BEARISH
CAJ Capitol Health 0.22 7.3 466,982 -9,162 BEARISH
MNF My Net Fone 3.73 7.2 55,752 -357 BEARISH
BSL Bluescope Steel 11.73 6.5 4,817,859 -6,877 BEARISH
SFR Sandfire Resources 6.67 5.5 1,218,623 -799 BEARISH
OMH OM Holdings 0.91 5.2 125,747 -1,218 BEARISH
CGL The Citadel 4.6 5 510,148 -348 BEARISH
BTI Bailador Technology Investments 0.98 4.8 48,460 -244 BEARISH