Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Daily Volume Index

Score

-0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 18.7 0.33% 0.45% 1.5% -4.9% -46.0%
SHORT 16 19.0 0.25% 0.31% 17.6% -3.4% 26.2%

Summary

Technical Analysis

Fairfax (FXJ.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.66
Signal Strength: MEDIUM
Recommendation:

Fairfax (ASX:FXJ) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 42343.


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: Fairfax (FXJ.AX)


Stock Exchange: ASX
Company: Fairfax
Ticker Codes: | FXJ.AX | ASX:FXJ |

About Fairfax (ASX:FXJ):

Fairfax Media Limited operates as a digitally progressive media company in Australia and New Zealand. It operates through Domain Group, Metropolitan Media, Australian Community Media, New Zealand Media, Radio, and Other segments. The company engages in news coverage through print publications and multi-media channels, digital ventures, events, and research for local regional and agricultural communities. Its regional publications include The Canberra Times, Newcastle Herald, Launceston Examiner, Border Mail, Ballarat Courier, and Illawarra Mercury with approximately 160 local newspapers and community-based Websites; agricultural publications comprise The Land, Queensland Country Life, North Queensland Register, Stock Journal, Stock, and Land along with Farm Weekly; events comprise AgQuip and CRT Farmfest Field Days, as well as is involved in Tamworth country music festival; and offers research and agricultural database options for rural industries. The company's publications also include The Sydney Morning Herald, The Age, and The Australian Financial Review. In addition, it engages in digital publishing, online dating, weather services, e-health, online education, video-on-demand, online jobs search, and online tender businesses. Further, the company provides residential, commercial, and rural property marketing solutions and search tools for buyers, investors, sellers, renters, and agents through mobile and tablet apps, at domain.com.au, as well as through metropolitan and regional newspapers. Additionally, it has a portfolio of lifestyle-oriented products focused on running, swimming, food and wine, parenting, and the arts; and operates a news and entertainment site, stuff.co.nz. The company also operates news, talk, and sport radio stations in Sydney and Melbourne. Fairfax Media Limited was incorporated in 1990 and is headquartered in Sydney, Australia.

Top 10:

Daily Volume Index

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