Folkestone Education (FET.AX)
DAILY VOLUME INDEX
Trading: HOLD @ $2.88
Signal Strength: MEDIUM
Folkestone Education (ASX:FET) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 652.
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: Folkestone Education (FET.AX)
Stock Exchange: ASX
Company: Folkestone Education
Ticker Codes: | FET.AX | ASX:FET |
The Folkestone Education Trust is the largest Australian ASX listed (ASX:FET) real estate investment trust (A-REIT) that invests in early learning properties. www.educationtrust.folkestone.com.au
Daily Volume IndexDownload
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