|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Grange Resources (GRR.AX)
DAILY VOLUME INDEX
Trading: HOLD @ $0.24
Signal Strength: MEDIUM
Grange Resources (ASX:GRR) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1473.
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: Grange Resources (GRR.AX)
Stock Exchange: ASX
Company: Grange Resources
Ticker Codes: | GRR.AX | ASX:GRR |
Grange Resources Limited engages in the integrated iron ore mining and pellet production business in the northwest region of Tasmania. The company is involved in the mining, processing, and sale of iron ore; and exploration, evaluation, and development of mineral resources at the Southdown Magnetite and related Pellet plant projects. It owns interests in the Savage River magnetite iron ore mine located to the southwest of the city of Burnie. The company is based in Burnie, Australia.
|HFR Highfield Resources||0.67||9||22,865||565||BULLISH|
|LYC Lynas Corporation||2.58||8.9||9,724,310||44,709||BULLISH|
|MLX Metals X||0.11||8.2||3,754,499||8,397||BULLISH|
|PTM Platinum Asset Management||4.55||7.6||1,696,244||1,031||BULLISH|
|BSL Bluescope Steel||15.21||5.2||2,787,185||3,279||BULLISH|
|RWC Reliance Worldwide Corporation||4.18||4.8||2,029,284||917||BULLISH|