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

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 18.7 0.37% 0.54% 4.3% -3.5% -15.9%
SHORT 18 22.6 0.50% 0.82% 3.7% -2.0% 11.9%

Summary

Technical Analysis

DWS (DWS.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $1.15
Signal Strength: MEDIUM
Recommendation:

DWS (ASX:DWS) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 814.


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: DWS (DWS.AX)


Stock Exchange: ASX
Company: DWS
Ticker Codes: | DWS.AX | ASX:DWS |

About DWS (ASX:DWS):

DWS Limited provides information technology services to corporations and government bodies in Australia. The company offers a suite of integrated solutions, including IT consulting services, such as IT strategy and architecture advice, program and project management, business and technical analysis, custom application development, and systems integration and solution testing; and digital solutions incorporating data automation and capture systems, and customer-led, digital strategy, and design services. It also provides business intelligence services comprising advanced analytics, as well as power BI and data warehouse as a service; sourcing and productivity services; and managed application services using a mix of offshore, on-site, off-site, and high-security models depending on client requirements. The company was incorporated in 1991 and is headquartered in Melbourne, Australia.

Top 10:

Daily Volume Index

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Company Close Change(%) Volume Value Signal
CLQ Clean Teq Holdings 0.38 10.3 4,365,526 15,729 BULLISH
RND Rand Mining 3.25 8.3 8,137 20 BULLISH
ALK Alkane Exploration 0.46 7.1 4,445,709 37,382 BULLISH
PNV Polynovo 1.56 5.1 4,075,815 19,814 BULLISH
MAH Macmahon 0.22 4.8 908,462 2,104 BULLISH
SLR Silver Lake Resources 1.23 4.2 5,739,437 141,120 BULLISH
AJM Altura Mining 0.14 3.7 8,303,659 69,819 BULLISH
TRS Reject Shop 2.02 3.6 55,060 183 BULLISH
SGF SG Fleet 2.92 3.5 163,398 4,692 BULLISH
LEP Ale Property 4.97 3.3 74,519 271 BULLISH