DAILY VOLUME INDEX
Trading: SELL @ $1.145
Signal Strength: STRONG
Infomedia (ASX:IFM) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -145.
A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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: Infomedia (IFM.AX)
Stock Exchange: ASX
Ticker Codes: | IFM.AX | ASX:IFM |
Infomedia Ltd., a technology company, develops and supplies electronic parts catalogues and service quoting software systems for the automotive industry in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company's parts solutions include Microcat LIVE, Microcat MARKET, and Auto PartsBridge that allow users to identify replacement parts manufactured by original equipment companies; and Microcat CRM, which connects the sales channel from original equipment manufacturer (OEM)s to wholesale customer. Its service solutions comprise Superservice Menus, Superservice Triage, Superservice Insight, Superservice Register, and Superservice Connect, which allow users and OEMs to deliver service performance for their customers. The company also provides data management products comprising lubricants recommendation database, lubrication and tune-up guide, and data consulting services. In addition, it engages in the information management, analysis, and creation for the automotive and oil industries. Infomedia Ltd. was founded in 1987 and is headquartered in Sydney, Australia.
Daily Volume IndexDownload
|SXY Senex Energy||0.42||7.8||5,902,526||4,973||BULLISH|
|GEM G8 Education||2.84||5.6||7,720,375||4,191||BULLISH|
|SPL Starpharma Holdings||1.54||5.1||1,150,817||3,032||BULLISH|
|TNG Tennant Creek Gold||0.11||4.8||28,222||2,859||BULLISH|
|ALK Alkane Exploration||0.23||4.5||264,234||66,597||BULLISH|