Charter Hall (CHC.AX)
DAILY VOLUME INDEX
Trading: BUY @ $6.87
Signal Strength: STRONG
Charter Hall (ASX:CHC) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 22.
A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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: Charter Hall (CHC.AX)
Stock Exchange: ASX
Company: Charter Hall
Ticker Codes: | CHC.AX | ASX:CHC |
Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups, with over 25 years' experience managing and investing in high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has $21.9 billion of funds under management across the office, retail and industrial sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The Group's success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.
Daily Volume IndexDownload
|SHL Sonic Healthcare||22.45||4.1||1,781,496||1,246||BULLISH CROSSOVER|
|INA Ingenia Communities||2.99||1.4||579,583||101||BULLISH CROSSOVER|
|JIN Jin||7.45||1.4||158,007||207||BULLISH CROSSOVER|
|DXS Dexus Property||10.32||1.2||3,249,002||300||BULLISH CROSSOVER|
|BEN Bendigo Bank||10.24||1||1,230,927||919||BULLISH CROSSOVER|
|VVR Viva Energy Reit||2.16||0.5||10,852,000||91||BULLISH CROSSOVER|
|CNI Centuria Capital||1.3||0.4||352,533||168||BULLISH CROSSOVER|
|MND Monadelphous||13.98||0.1||238,650||197||BULLISH CROSSOVER|
|NST Northern Star Resources||8.4||0.1||1,789,595||706||BULLISH CROSSOVER|
|OSH Oil Search||7.34||0.1||4,455,699||16,524||BULLISH CROSSOVER|