[BEARISH]: Credit Corp current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -458.
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: Credit Corp (CCP.AX)
Stock Exchange: ASX
Company: Credit Corp
Ticker Codes: | CCP.AX | ASX:CCP |
Credit Corp Group Limited provides debt purchase and collection, and consumer lending services. It operates two segments, Debt Ledger Purchasing and Consumer Lending. The Debt Ledger Purchasing segment purchases consumer debts from Australian and New Zealand banks, financial services utility, and telecommunication companies. The Consumer Lending segment provides various financial products to credit-impaired consumers. The company's products include Wallet Wizard, an online application to apply loans; CarStart Finance, which offers financial services to purchase and finance a car; ClearCash, a lending application; Credit 2U, a car finance broker, which provides a range of solutions, including leases and personal loans; and Trove Capital that offers online business loans. Credit Corp Group Limited is headquartered in Sydney, Australia.
Daily Volume IndexDownload
|PME Pro Medicus||11.68||6.7||140,709||12,412||BULLISH|
|CAB Cabcharge Australia||2.4||5.7||194,554||1,522||BULLISH|
|GOR Gold Road Resources||0.66||5.6||1,416,917||6||BULLISH|
|SIV Silver Chef||1.93||4.3||94,167||1,888||BULLISH|