Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Daily Volume Index

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 15.0 0.52% 0.93% 2.1% -2.3% -4.1%
SHORT 24 17.0 0.38% 0.56% 3.4% -2.3% -6.9%

Summary

Technical Analysis

Crown (CWN.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $12.97
Signal Strength: MEDIUM
Recommendation:

Crown (ASX:CWN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 842.


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: Crown (CWN.AX)


Stock Exchange: ASX
Company: Crown
Ticker Codes: | CWN.AX | ASX:CWN |

About Crown (ASX:CWN):

Crown Resorts Limited operates in the entertainment industry primarily in Australia. It operates in four segments: Crown Melbourne, Crown Perth, Crown Aspinalls, and Wagering & Online. The company owns and operates two integrated resorts, including Crown Melbourne in Melbourne and Crown Perth in Perth. Its Crown Melbourne resort comprises 2,628 gaming machines and 540 gaming tables; the Crown Towers Melbourne hotel with 481 guest rooms, the Crown Metropol Melbourne hotel with 658 guest rooms, and the Crown Promenade Melbourne hotel with 465 guest rooms; a conference center; banqueting facilities; restaurants and bars; and designer brands and retail outlets. The company's Crown Perth resort includes the Crown Towers Perth hotel with 500 guest rooms; Crown Metropol Perth hotel comprising 397 guest rooms; the Crown Promenade Perth hotel with 291 guest rooms; entertainment facilities comprising a ballroom, theatre, and convention facilities; and rooms, suites, villas, private gaming salons, restaurants, bars, pool, and spa facilities. It also owns and operates the Crown Aspinalls, a casino in London; and engages in wagering and online social gaming activities. The company was formerly known as Crown Limited and changed its name to Crown Resorts Limited in October 2013. Crown Resorts Limited is based in Southbank, Australia.

Top 10:

Daily Volume Index

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Company Close Change(%) Volume Value Signal
LYC Lynas Corporation 2.26 14.4 20,354,647 15,667 BULLISH
BNO Bionomics 0.15 11.1 659,788 3,685 BULLISH
MOC Mortgage Choice 1.01 11 787,250 2,766 BULLISH
ADH Adairs 1.9 8.6 3,220,406 8,311 BULLISH
WGX Westgold Resources 1.62 7 2,136,458 16,154 BULLISH
EMH European Metals Holdings 0.44 6.1 273,100 426 BULLISH
MVF Monash IVF 1.15 4.5 542,225 2,305 BULLISH
IMD Imdex 1.1 3.8 2,380,959 4,425 BULLISH
KAR Karoon Gas Australia 0.98 3.7 297,634 1,563 BULLISH
RMS Ramelius Resources 0.85 3.7 1,884,187 7,095 BULLISH