Danakali (DNK)

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Danakali (DNK): Signals

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TECHNICAL ANALYSIS SUMMARY

Danakali (DNK.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $0.795
Signal Strength: MEDIUM
Recommendation:

Danakali (ASX:DNK) current price has highlighted recent accumulation. Currently, the OBV is 52853.6.


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.


On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)


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.

Top 10:

On Balance Volume

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MVF Monash IVF 0.96 3.8 260,591 86,259.6 BULLISH
SHM Shriro 0.69 3.8 27,413 39,483.2 BULLISH
REA REA Group 74.75 3.5 228,972 45,570.4 BULLISH
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SGP Stockland 3.65 2.5 9,004,378 668,568.8 BULLISH
SPO Spotless Holdings 1.74 2.4 47,148 87,449.3 BULLISH
SKI Spark Infrastructure 2.37 2.2 4,089,518 1,909,534.8 BULLISH
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