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

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 13.0 0.45% 0.83% 3.8% -3.5% -4.4%
SHORT 22 19.5 0.27% 0.35% 3.5% -3.2% -32.4%

Summary

Technical Analysis

Inghams (ING.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $4.47
Signal Strength: MEDIUM
Recommendation:

Inghams (ASX:ING) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 215.


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: Inghams (ING.AX)


Stock Exchange: ASX
Company: Inghams
Ticker Codes: | ING.AX | ASX:ING |

About Inghams (ASX:ING):

Inghams Group Limited, together with its subsidiaries, produces and sells poultry in Australia and New Zealand. It is involved in the production and sale of chicken and turkey products; and stock feed for use by the poultry, pig, dairy, and equine industries. Inghams Group Limited was founded in 1918 and is based in North Ryde, Australia.

Top 10:

Daily Volume Index

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ISD Isentia 0.26 8.5 1,063,718 11,022 BULLISH
CUV Clinuvel Pharmaceuticals 31.19 8.3 136,460 1,216 BULLISH
LYC Lynas Corporation 2.43 7.5 23,854,412 16,330 BULLISH
PLS Pilbara Minerals 0.84 7.1 14,160,985 88,975 BULLISH
CWP Cedar Woods Properties 5.87 6.7 89,806 83 BULLISH
AVJ Av Jennings Homes 0.59 6.4 413,865 633 BULLISH
SWM Seven West Media 0.53 6 4,363,523 18,034 BULLISH
CSR CSR 3.88 5.4 7,199,969 18,171 BULLISH
CAT Catuity 1.37 5 307,114 628 BULLISH
SDG Sunland 1.69 4.3 23,172 6,462 BULLISH