Beston Global Food (BFC.AX)
DAILY VOLUME INDEX
Trading: SELL @ $0.175
Signal Strength: MEDIUM
Beston Global Food (ASX:BFC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -231.
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: Beston Global Food (BFC.AX)
Stock Exchange: ASX
Company: Beston Global Food
Ticker Codes: | BFC.AX | ASX:BFC |
Beston Global Food Company Limited, together with its subsidiaries, invests in food and beverage businesses in Australia and internationally. It operates in five segments: Dairy, Seafood, Health, Meat, and Distribution. The company owns dairy farms that offer milk, yoghurt, flavored milk, hard and soft cheese, quark, and butter; harvests, processes, packages, and distributes live, chilled, and frozen seafood; and produces and processes meat products. It also develops and produces health and well-being focused food, beverage, and pharmaceutical products; processes high pH natural spring water; and develops and commercializes end-to-end food traceability and anti-counterfeit technology solutions. The company distributes its products through third parties, as well as its e-commerce platform. Beston Global Food Company Limited was incorporated in 2014 and is based in Adelaide, Australia.
Daily Volume IndexDownload
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