[BEARISH]: My Net Fone current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -2157.
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: My Net Fone (MNF.AX)
Stock Exchange: ASX
Company: My Net Fone
Ticker Codes: | MNF.AX | ASX:MNF |
MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. It operates through three segments: Australian Domestic Retail; Australia/New Zealand Domestic Wholesale; and Global Wholesale. The company's products include MyNetFone that provides voice and Internet services; Symbio Networks, which offers IP voice carriage services and software through in-country voice infrastructure and platforms; Connexus corporate connectivity and cloud services; and CallStream that provides inbound business phone numbers. The company's products also iBoss, a software-as-a-service platform, which enables anyone to start and scale their own telecommunications business; TollShield, a real-time toll fraud mitigation software for networks and carriers; Pennytel, a VoIP home phone and ADSL Internet service provider; The Buzz, a money-saving budget home phone for PSTN customers; and OpenCA Softswitch delivers converged voice, data, and multi-media services for carriers and enterprises. It is also involved in the sale of audio conferencing and collaboration services to business customers; and the provision of hardware, equipment, and consulting services to support its products. The company was formerly known as My Net Fone Limited and changed its name to MNF Group Limited in October 2015. The company was founded in 2004 and is headquartered in Sydney, Australia.
Daily Volume IndexDownload
|CLQ Clean Teq Holdings||0.53||9.4||1,474,360||-10,315||BEARISH|
|BFC Beston Global Food||0.19||8.8||150,835||-413||BEARISH|
|FIG Freedom Insurance||0.1||8.8||4,056,181||-99,118||BEARISH|
|GSC Global Geoscience||0.29||7.4||9,109,772||-996||BEARISH|
|SAS Sky And Space Global||0.06||6.8||5,033,947||-78,453||BEARISH|
|EVO Evolve Education||0.48||5.6||5,000||-6||BEARISH|
|RAP Resapp Health||0.21||5||3,175,366||-119,665||BEARISH|
|SBM St Barbara Mines||3.42||3.6||9,719,960||-35,444||BEARISH|
|CGC Consolidated Gaming Corporation||7.07||3.5||1,751,216||-1,653||BEARISH|