Mcconnell Dowell Corporation (MDC)

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Mcconnell Dowell Corporation (MDC): Signals

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TECHNICAL ANALYSIS SUMMARY

Mcconnell Dowell Corporation (MDC.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $0.39
Signal Strength: STRONG
Recommendation:

Mcconnell Dowell Corporation (ASX:MDC) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 35.


A bullish 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: Mcconnell Dowell Corporation (MDC.AX)


Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | ASX:MDC |

About Mcconnell Dowell Corporation (ASX:MDC):

Medlab Clinical Limited, a medical research and development facility, engages in nutraceutical products and pharmaceutical research businesses in Australia. The company develops bio-therapeutics for chronic kidney diseases, pre-diabetes/obesity, depression, musculoskeletal muscle loss associated with ageing, and non-opioid pain management. It also provides nutraceuticals for anti-inflammatory, cardiovascular support, endocrine support, gastrointestinal support, immunological support, infants and toddlers, metabolic support, musculoskeletal support, neurological support, sports performance, urogenital support, and weight management, as well as for men, pregnancy, seniors, teenagers, and women support. The company has a strategic alliance with Heritage Brands Limited to develop and market its products for the pharmacy retail channel. Medlab Clinical Limited was founded in 2012 and is based in Alexandria, Australia.

Top 10:

Daily Volume Index

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Company Close Change (%) Volume Value Signal
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AGG Anglogold Ashanti 4.16 8.3 21,558 14 BULLISH CROSSOVER
FWD Fleetwood 1.8 5.6 420,408 340 BULLISH CROSSOVER
MCP Mcphersons 1.3 4.4 326,108 159 BULLISH CROSSOVER
DCN Dacian Gold 2.78 4.1 428,895 1,651 BULLISH CROSSOVER
RRL Regis Resources 5.76 3.8 2,423,136 567 BULLISH CROSSOVER
CDD Cardno 0.98 2.6 159,970 75 BULLISH CROSSOVER
BHP Bhp Billiton 37.94 2.5 11,230,376 5,157 BULLISH CROSSOVER
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