Credit Corp (CCP.AX)
DAILY VOLUME INDEX
Trading: SELL @ $21.52
Signal Strength: MEDIUM
Credit Corp (ASX:CCP) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -400.
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: 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
|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|