DAILY VOLUME INDEX
Trading: HOLD @ $0.044
Signal Strength: MEDIUM
Broo (ASX:BEE) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 5997.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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: Broo (BEE.AX)
Stock Exchange: ASX
Ticker Codes: | BEE.AX | ASX:BEE |
Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.
Daily Volume IndexDownload
|CTD Corporate Travel Management||28.81||14.7||1,727,133||-436||BEARISH|
|EMH European Metals Holdings||0.4||14.3||44,010||-119||BEARISH|
|GCY Gascoyne Resources||0.11||11.1||1,637,598||-70||BEARISH|
|AGG Anglogold Ashanti||4.16||8.3||21,558||-26||BEARISH|
|BFC Beston Global Food||0.16||6.9||222,535||-17,136||BEARISH|
|RSG Resolute Mining||1.15||6.5||9,128,506||-6||BEARISH|
|PRU Perseus Mining||0.44||6||5,131,036||-4,251||BEARISH|
|AYS Amaysim Australia||0.95||5.6||94,182||-417||BEARISH|