[BEARISH]: Fletcher Building current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1427.
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: Fletcher Building (FBU.AX)
Stock Exchange: ASX
Company: Fletcher Building
Ticker Codes: | FBU.AX | ASX:FBU |
Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building and construction products in New Zealand, Australia, and internationally. Its Building Products segment manufactures, distributes, and markets building products, such as concrete pipes and products, cement and aggregates, plastic pipes, and building materials for commercial and residential markets. The company's International segment provides laminate and surface products for commercial and residential spaces; decorative wood panels and laminates, particle boards, medium density fiber boards, and other decorative products; and pressed metal roof tiles. Its Distribution segment distributes building, plumbing, pipeline, and steel products. The company's Residential and Land Development segment develops land holdings for residential and commercial use, as well as operates as a residential home builder. Its Construction segment builds and maintains commercial buildings and infrastructure projects. Fletcher Building Limited was founded in 1909 and is headquartered in Auckland, New Zealand.
Daily Volume IndexDownload
|MDC Mcconnell Dowell Corporation||0.46||3.4||83,799||83||BULLISH CROSSOVER|
|OFX Ozforex||2.13||2.4||313,613||4,140||BULLISH CROSSOVER|
|WTP Watpac||0.67||2.3||9,120||877||BULLISH CROSSOVER|
|CHC Charter Hall||7.16||1.4||1,145,024||441||BULLISH CROSSOVER|
|MIR Mirrabooka||2.7||1.1||52,490||30||BULLISH CROSSOVER|
|IVC Invocare||12.17||0.9||316,089||258||BULLISH CROSSOVER|
|GSW Getswift||0.61||0.8||186,295||20||BULLISH CROSSOVER|
|PNI Pinnacle Investment Management||7.82||0.3||259,050||8,179||BULLISH CROSSOVER|
|TPM Tpg Telecom||8.34||0.2||1,585,131||56||BULLISH CROSSOVER|
|AGL AGL Energy||19.23||0.2||1,667,117||2,979||BULLISH CROSSOVER|