Saracen Mineral (SAR)

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Saracen Mineral (SAR): Signals

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TECHNICAL ANALYSIS SUMMARY

Saracen Mineral (SAR.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $2.76
Signal Strength: STRONG
Recommendation:

Saracen Mineral (ASX:SAR) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 1078.


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: Saracen Mineral (SAR.AX)


Stock Exchange: ASX
Company: Saracen Mineral
Ticker Codes: | SAR.AX | ASX:SAR |

About Saracen Mineral (ASX:SAR):

Saracen Mineral Holdings Limited engages in the gold mining business in Australia. It also explores for nickel deposits. The company holds 100% interest in the Carosue Dam operations located in north-east of Kalgoorlie, Western Australia. It also holds interests in Thunderbox operations located in the Yandal belt and the Agnew-Wiluna belt in the North Eastern Goldfields of Western Australia. Saracen Mineral Holdings Limited is headquartered in Perth, Australia.

Top 10:

Daily Volume Index

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Company Close Change (%) Volume Value Signal
SMX Sms Management & Technology 0.61 11.9 462,038 34 BULLISH CROSSOVER
REG Rg Capital Radio 3.5 5.7 383,184 67 BULLISH CROSSOVER
ELD ELD 5.79 4.1 546,760 344 BULLISH CROSSOVER
CDA Codan 3.29 3.5 335,445 217 BULLISH CROSSOVER
NWH NRW 2.47 2.5 1,112,706 7,397 BULLISH CROSSOVER
ASL Ausdrill 1.69 2.1 3,561,033 1,393 BULLISH CROSSOVER
AMH Amcil 0.85 1.2 16,125 80 BULLISH CROSSOVER
TGA Thorn 0.45 1.1 1,250,131 388 BULLISH CROSSOVER
CLW Charter Hall Long Wale 4.65 0.9 554,466 211 BULLISH CROSSOVER
PEA Pacific Energy 0.63 0.5 356,022 256 BULLISH CROSSOVER
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