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

-0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 21.9 0.48% 0.91% 3.6% -4.8% -16.5%
SHORT 22 15.5 0.41% 0.69% 3.8% -3.2% -6.6%

Summary

Technical Analysis

Domino (DMP.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $36.3
Signal Strength: MEDIUM
Recommendation:

Domino (ASX:DMP) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -2078.


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: Domino (DMP.AX)


Stock Exchange: ASX
Company: Domino
Ticker Codes: | DMP.AX | ASX:DMP |

About Domino (ASX:DMP):

Domino's Pizza Enterprises Limited operates retail food outlets. The company holds franchise rights for the Domino's brand and network in Australia, New Zealand, Belgium, France, the Netherlands, Japan and Germany. As of August 15, 2017, it operated a network of approximately 2,000 stores. Domino's Pizza Enterprises Limited is based in Brisbane, Australia.

Top 10:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
DNA Donaco International 0.12 9.1 3,465,966 -70,851 BEARISH
BFC Beston Global Food 0.11 5 372,431 -2,440 BEARISH
NMT Neometals 0.22 4.9 479,038 -582 BEARISH
LAU Lindsay Australia 0.34 4.6 181,661 -383 BEARISH
DNK Danakali 0.71 4.4 160,675 -487 BEARISH
RSG Resolute Mining 1.26 3.7 10,921,411 -15,646 BEARISH
SYR Syrah Resources 0.86 3 7,057,555 -56,697 BEARISH
VAH Virgin Australia Holdings 0.17 3 676,369 -1,835 BEARISH
RCT Reef Casino 2.48 2.5 8,450 -145 BEARISH
BAL Bellamys Australia 7.95 2.1 1,201,427 -6,579 BEARISH