The Star Entertainment (SGR.AX)
DAILY VOLUME INDEX
Trading: SELL @ $4.41
Signal Strength: MEDIUM
The Star Entertainment (ASX:SGR) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -10785.
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: The Star Entertainment (SGR.AX)
Stock Exchange: ASX
Company: The Star Entertainment
Ticker Codes: | SGR.AX | ASX:SGR |
The Star Entertainment Group Limited, an integrated resort company, provides gaming, entertainment, and hospitality services in Australia. The company operates through three segments: Sydney, Gold Coast, and Brisbane. It owns and operates The Star Sydney casino, which includes hotels, apartment complex, restaurants, and bars; The Star Gold Coast casino, which consists of hotel, theatre, restaurants, and bars; and Treasury casino in Brisbane that comprises hotel, restaurants, and bars. The company also manages the Gold Coast Convention and Exhibition Centre. The Star Entertainment Group Limited has a strategic partnership with Chow Tai Fook Enterprises Limited and Far East Consortium International Limited. The company was formerly known as Echo Entertainment Group Limited and changed its name to The Star Entertainment Group Limited in November 2015. The Star Entertainment Group Limited was incorporated in 2011 and is based in Brisbane, Australia.
Daily Volume IndexDownload
|BOC Bougainville Copper||0.17||13.3||6,000||-440||BEARISH|
|ADA Adacel Technologies||0.89||10.6||246,616||-10,135||BEARISH|
|RAP Resapp Health||0.11||10||6,450,027||-253,248||BEARISH|
|YAL Yancoal Australia||3.06||8.1||42,618||-1,641||BEARISH|
|MRN Macquarie Radio Network||1.79||6.2||8,395||-34||BEARISH|
|WGX Westgold Resources||1.13||6.1||450,410||-3,521||BEARISH|
|ELX Ellex Medical Lasers||0.7||4.5||100,693||-504||BEARISH|