Ramsay Health Care (RHC.AX)
DAILY VOLUME INDEX
Trading: SELL @ $59.53
Signal Strength: MEDIUM
Ramsay Health Care (ASX:RHC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -239.
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: Ramsay Health Care (RHC.AX)
Stock Exchange: ASX
Company: Ramsay Health Care
Ticker Codes: | RHC.AX | ASX:RHC |
Ramsay Health Care Limited provides health care services to public and private patients. The company's health care services comprise day surgery procedures and complex surgeries, as well as psychiatric care and rehabilitation services. It operates approximately 235 hospitals and day surgery facilities with approximately 25,000 beds in Australia, the United Kingdom, France, Indonesia, Malaysia, and Italy. The company was founded in 1964 and is based in Sydney, Australia.
Daily Volume IndexDownload
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