European Metals Holdings (EMH.AX)
DAILY VOLUME INDEX
Trading: HOLD @ $0.325
Signal Strength: MEDIUM
European Metals Holdings (ASX:EMH) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 102.
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: European Metals Holdings (EMH.AX)
Stock Exchange: ASX
Company: European Metals Holdings
Ticker Codes: | EMH.AX | ASX:EMH |
European Metals Holdings Limited explores and develops mineral properties. It holds 100% interest in the Cinovec lithium-tin project in the Czech Republic. The company was formerly known as Equamineral Holdings Limited and changed its name to European Metals Holdings Limited in February 2014. European Metals Holdings Limited is based in West Perth, Australia.
Daily Volume IndexDownload
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