Eden Energy (EDE)

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Eden Energy (EDE): Signals

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TECHNICAL ANALYSIS SUMMARY

Eden Energy (EDE.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.12
Signal Strength: MEDIUM
Recommendation:

Eden Energy (ASX:EDE) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 445971.


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: Eden Energy (EDE.AX)


Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |

About Eden Energy (ASX:EDE):

Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.

Top 10:

Daily Volume Index

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CCV Cash Converters International 0.31 3.3 982,754 1,653 BULLISH
VOC Vocus Communications 3.18 2.3 3,280,010 7,899 BULLISH
MOY Millennium Minerals 0.24 2.1 581,884 528 BULLISH
GTK Gentrack 6.34 2.1 11,590 116 BULLISH
DTL Data#3 1.56 2 312,212 498 BULLISH
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