DAILY VOLUME INDEX
Trading: HOLD @ $0.76
Signal Strength: MEDIUM
Freelancer (ASX:FLN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 3181.
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: Freelancer (FLN.AX)
Stock Exchange: ASX
Ticker Codes: | FLN.AX | ASX:FLN |
Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. The company, through its marketplace, hires freelancers to do work in areas, such as software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. It connects employers and freelancers from approximately 247 countries, regions, and territories. The company also provides escrow payment services. Freelancer Limited was founded in 2009 and is based in Sydney, Australia.
Daily Volume IndexDownload
|RND Rand Mining||2.55||8.5||7,333||113||BULLISH|
|CIA Champion Iron||2.12||5||1,223,895||3,080||BULLISH|
|CTD Corporate Travel Management||25.36||4.4||715,604||2,515||BULLISH|
|RIC Ridley Corporation||1.41||4.4||211,648||959||BULLISH|
|PRT Prime Television||0.24||4.3||10,692||2,376||BULLISH|
|PRU Perseus Mining||0.48||4.3||4,667,981||26,047||BULLISH|
|MMS Mcmillan Shakespeare||13.21||3.6||903,061||3,890||BULLISH|