DAILY VOLUME INDEX
Trading: SELL @ $4.49
Signal Strength: MEDIUM
Inghams (ASX:ING) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -3384.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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
Ticker Codes: | ING.AX | 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.
Daily Volume IndexDownload
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