Terramin Australia (TZN.AX)
DAILY VOLUME INDEX
Trading: HOLD @ $0.12
Signal Strength: MEDIUM
Terramin Australia (ASX:TZN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 900.
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: Terramin Australia (TZN.AX)
Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | ASX:TZN |
Terramin Australia Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of base and precious metals, and other economic mineral deposits in Australia and internationally. The company primarily explores for zinc, lead, gold, copper, and rare earth elements. Its flagship project is the Tala Hamza zinc project located on the Mediterranean coast in Algeria. The company was incorporated in 1993 and is based in Fullarton, Australia.
Daily Volume IndexDownload
|SYD Sydney Airport||7.1||2.6||6,115,862||2,966||BULLISH CROSSOVER|
|SCG Scentre||4.16||1.5||12,756,537||4,209||BULLISH CROSSOVER|
|MYO Myob||3.49||1.2||1,475,342||329||BULLISH CROSSOVER|
|BXB Brambles||10.33||1.1||3,592,422||4,198||BULLISH CROSSOVER|
|CNU Chorus||4.52||0.4||1,338,994||168||BULLISH CROSSOVER|
|EVO Evolve Education||0.29||0||28,912||8,215||BULLISH CROSSOVER|
|MYR Myer||0.4||0||1,515,523||9,066||BULLISH CROSSOVER|
|MUA Mitula||0.76||0||319,553||5,832||BULLISH CROSSOVER|
|SNZ Summerset Holdings||5.97||0||0||3||BULLISH CROSSOVER|
|ASX Australian Stock Exchange||60||-0.1||397,993||32||BULLISH CROSSOVER|