DAILY VOLUME INDEX
Trading: SELL @ $1.31
Signal Strength: MEDIUM
Sunland (ASX:SDG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -215.
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: Sunland (SDG.AX)
Stock Exchange: ASX
Ticker Codes: | SDG.AX | ASX:SDG |
Sunland Group Limited develops and constructs residential properties in Australia. It operates through Residential Housing and Urban Development, and Multi-Storey segments. The Residential Housing and Urban Development segment is involved in land subdivision and medium density integrated housing developments, as well as provides project services. The Multi-Storey segment develops and sells medium-rise projects between 5 and 15 storeys, and high-rise developments above 15 storeys. Sunland Group Limited was founded in 1983 and is based in Brisbane, Australia.
Daily Volume IndexDownload
|CUV Clinuvel Pharmaceuticals||17.98||9.6||39,812||-329||BEARISH|
|RAP Resapp Health||0.12||9.5||648,223||-5,245||BEARISH|
|ADA Adacel Technologies||0.68||8.8||160,420||-1,589||BEARISH|
|SYR Syrah Resources||1.81||8.1||2,657,646||-8,948||BEARISH|
|IRD Iron Road||0.06||7.8||20,000||-1,888||BEARISH|
|IFL Ioof Holdings||4.83||7.3||4,622,897||-54,681||BEARISH|
|LAU Lindsay Australia||0.38||7.1||78||-1,433||BEARISH|
|KSC K&S Corporation||1.46||6.6||5,143||-4||BEARISH|
|AGI Ainsworth Game Technology||0.73||6.6||71,512||-5,156||BEARISH|