[BEARISH]: Mcconnell Dowell Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1142.
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];
Daily Volume IndexDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|MGC Mg Unit Trust||0.33||4.8||615,817||-2,272||BEARISH CROSSOVER|
|TWE Treasury Wine Estates||18.62||3.6||1,613,130||-14||BEARISH CROSSOVER|
|RWC Reliance Worldwide Corporation||5.98||2.6||4,005,202||-227||BEARISH CROSSOVER|
|ISD Isentia||0.81||1.3||424,583||-1,251||BEARISH CROSSOVER|
|CSL CSL||203.2||1.2||487,541||-1,073||BEARISH CROSSOVER|
|CWY Cleanaway Waste Management||1.85||1.1||5,367,995||-239||BEARISH CROSSOVER|
|HPI Hotel Property Investments||3.15||1||205,747||-229||BEARISH CROSSOVER|
|ABC Adelaide Brighton||6.9||0.7||930,157||-69||BEARISH CROSSOVER|
|MGR Mirvac||2.26||0.4||9,048,387||-791||BEARISH CROSSOVER|
|PPC Peet & Company||1.24||0.4||893,735||-11||BEARISH CROSSOVER|