Danakali (DNK)

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Danakali (DNK): Signals

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TECHNICAL ANALYSIS SUMMARY

Danakali (DNK.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $0.765
Signal Strength: MEDIUM
Recommendation:

Danakali (ASX:DNK) currently has negative rate of change of -58%. This means the current volume is less than the price 14 days ago and therefore losing momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


PROFILE: Danakali (DNK.AX)


Stock Exchange: ASX
Company: Danakali
Ticker Codes: | DNK.AX | ASX:DNK |

About Danakali (ASX:DNK):

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.

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Volume Rate of Change

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Company Close Change (%) Volume Value Signal
LYL Lycopodium 5.19 3.8 20,995 -72 BEARISH CROSSOVER
RMS Ramelius Resources 0.41 3.8 1,165,562 -44 BEARISH CROSSOVER
FSA FSA 1.11 2.8 12,977 -68 BEARISH CROSSOVER
YAL Yancoal Australia 2.83 2.5 18,792 -22 BEARISH CROSSOVER
GRR Grange Resources 0.23 2.3 971,069 -11 BEARISH CROSSOVER
CMA Centuria Metropolitan 2.42 1.7 859,712 -30 BEARISH CROSSOVER
ARF Arena Reit 2.35 0.9 122,475 -44 BEARISH CROSSOVER
QVE QV Equities 1.12 0.9 188,681 -25 BEARISH CROSSOVER
GMG Goodman 10.52 0.2 2,749,397 -17 BEARISH CROSSOVER
GXL Greenross 5.41 0 489,248 -70 BEARISH CROSSOVER
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