DAILY VOLUME INDEX
Trading: HOLD @ $43.14
Signal Strength: MEDIUM
Domino (ASX:DMP) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 592.
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: Domino (DMP.AX)
Stock Exchange: ASX
Ticker Codes: | DMP.AX | 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.
Daily Volume IndexDownload
|HFR Highfield Resources||0.71||7.6||283,351||2,085||BULLISH CROSSOVER|
|SMN Structural Monitoring Systems||0.88||2.9||74,676||722||BULLISH CROSSOVER|
|FMG Fortescue Metals||7.48||0.7||18,371,691||10,918||BULLISH CROSSOVER|
|BWP Bunnings Warehouse Property Trust||3.64||0.6||792,655||240||BULLISH CROSSOVER|
|AOG Aveo||1.89||0.5||1,079,436||1,355||BULLISH CROSSOVER|
|RSG Resolute Mining||1.17||0.4||5,230,526||681||BULLISH CROSSOVER|
|CYB Cybg||3.9||0.3||1,452,243||517||BULLISH CROSSOVER|
|BLX Beacon Lighting||1.11||0||5,000||11||BULLISH CROSSOVER|
|MVP Medical Developments||5.3||0||35,138||144||BULLISH CROSSOVER|
|QIN Quintis||0.3||0||0||9,097||BULLISH CROSSOVER|