DAILY VOLUME INDEX
Trading: SELL @ $4.35
Signal Strength: MEDIUM
Ooh!Media (ASX:OML) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -2354.
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: Ooh!Media (OML.AX)
Stock Exchange: ASX
Ticker Codes: | OML.AX | ASX:OML |
oOh!media Limited operates as an out of home media company in Australia and New Zealand. It provides advertisers with access to various audiences across its national portfolio of Out Of Home advertising spaces, including large format roadside billboards; large and small format sites located in shopping centers; sites in airport terminals and airline lounges; and sites in environments, such as CBD office buildings, cafÚs, bars and venues, universities, gyms, and sports centers. oOh!media Limited was founded in 1989 and is based in North Sydney, Australia.
Daily Volume IndexDownload
|BFC Beston Global Food||0.19||12.1||205,454||-274||BEARISH|
|FBR Fastbrick Robotics||0.2||8.3||3,584,908||-87||BEARISH|
|PME Pro Medicus||9.56||4.3||157,145||-785||BEARISH|
|AKP Audio Pixels Holdings||18||4||4,620||-74||BEARISH|
|TRS Reject Shop||2.43||3.8||132,067||-6,690||BEARISH|
|SAS Sky And Space Global||0.07||3||4,275,106||-114,057||BEARISH|