Terramin Australia (TZN)

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Terramin Australia (TZN): Signals

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TECHNICAL ANALYSIS SUMMARY

Terramin Australia (TZN.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.095
Signal Strength: MEDIUM
Recommendation:

Terramin Australia (ASX:TZN) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1287.


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: Terramin Australia (TZN.AX)


Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | ASX:TZN |

About Terramin Australia (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.

Top 10:

Daily Volume Index

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GCY Gascoyne Resources 0.11 11.1 1,637,598 -53,780 BEARISH
ORE Orocobre 3.2 7.4 2,255,245 -8,411 BEARISH
SXY Senex Energy 0.38 7.1 10,983,458 -13,028 BEARISH
BFC Beston Global Food 0.16 6.9 222,535 -1,199 BEARISH
RSG Resolute Mining 1.15 6.5 9,128,506 -27,715 BEARISH
OGC Oceanagold Corporation 4.73 6.3 557,211 -994 BEARISH
AYS Amaysim Australia 0.95 5.6 94,182 -577 BEARISH
CLQ Clean Teq Holdings 0.33 4.8 1,404,811 -16,667 BEARISH
OSP Osprey Medical 0.11 4.8 5,000 -630 BEARISH
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