[BEARISH]: Vita current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -195.
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: Vita (VTG.AX)
Stock Exchange: ASX
Ticker Codes: | VTG.AX | ASX:VTG |
Vita Group Limited markets and sells communication and technology solutions in Australia. It provides telecommunications products and services to retail, small to medium business, government, and enterprise customers; and technology accessories and men's athleisure wear. The company sells products and services through a network of brands, such as Telstra, Telstra Business Center, Vita Enterprise Solutions, Sprout, and SQDAthletica. As of June 30, 2017, it operated 105 Telstra licensed stores, 21 Telstra business centers, and 1 Fone Zone store. Vita Group Limited was founded in 1995 and is based in Albion, Australia.
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|OCL Objective Corporation||2.92||6.6||24,050||-17||BEARISH|
|GSC Global Geoscience||0.27||6||3,421,603||-9,353||BEARISH|
|CVW Clearview Wealth||1.1||4.8||19,003||-2,447||BEARISH|
|MNF My Net Fone||5.65||4.6||72,693||-5||BEARISH|
|MCY Mighty River Power||3.15||4.3||757||-113||BEARISH|