DAILY VOLUME INDEX
Trading: SELL @ $5.9
Signal Strength: MEDIUM
Nufarm (ASX:NUF) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -7203.
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: Nufarm (NUF.AX)
Stock Exchange: ASX
Ticker Codes: | NUF.AX | ASX:NUF |
Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealand, Asia, Europe, North America, Latin America, and internationally. It operates through two segments, Crop Protection and Seed Technologies. The company offers herbicides, insecticides, fungicides, and plant growth regulators to protect crops from damage caused by weeds, pests, and diseases. It also provides seeds and seed treatment products; and engages in croplands equipment business. The company is headquartered in Laverton North, Australia.
Daily Volume IndexDownload
|BAL Bellamys Australia||9.18||12.5||2,509,847||-11,701||BEARISH|
|MNS Milnes Holdings||0.31||8.9||461,897||-9,809||BEARISH|
|BKL Blackmores Laboratories||127.63||8.8||119,034||-35||BEARISH|
|GSC Global Geoscience||0.26||8.3||3,871,071||-8,072||BEARISH|
|BRN Brainchip Holdings||0.14||8||628,933||-23,450||BEARISH|
|PME Pro Medicus||10.28||7||190,192||-762||BEARISH|
|MLX Metals X||0.47||6.9||1,037,213||-13,659||BEARISH|
|MOC Mortgage Choice||1.29||6.6||79,382||-3,559||BEARISH|
|KDR Kidman Resources||1||6.4||4,933,166||-2,364||BEARISH|