|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Lynas Corporation (LYC.AX)
DAILY VOLUME INDEX
Trading: SELL @ $2.77
Signal Strength: MEDIUM
Lynas Corporation (ASX:LYC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -66386.
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: Lynas Corporation (LYC.AX)
Stock Exchange: ASX
Company: Lynas Corporation
Ticker Codes: | LYC.AX | ASX:LYC |
Lynas Corporation Limited, together with its subsidiaries, engages in the exploration, development, mining, and processing of rare earth minerals in Australia and Malaysia. The company holds interest in the Mount Weld project in Western Australia. It also owns and operates Lynas advanced materials plant located in Malaysia; and Mt. Weld concentration plant located in Western Australia. The company was incorporated in 1983 and is headquartered in Kuantan, Malaysia.
|AJX Alexium International||0.13||8.7||796,462||-4,010||BEARISH|
|EDE Eden Energy||0.03||7.1||1,425,845||-90,584||BEARISH|
|GOR Gold Road Resources||1.05||5.6||2,804,920||-30,971||BEARISH|
|FMG Fortescue Metals||8.8||5.4||17,285,949||-6,387||BEARISH|
|ATL ASX 20||0.41||5.1||164,830||-8,093||BEARISH|
|DNA Donaco International||0.11||5||843,519||-48,589||BEARISH|
|OGC Oceanagold Corporation||4.21||5||264,236||-60||BEARISH|