|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Western Areas (WSA.AX)
DAILY VOLUME INDEX
Trading: SELL @ $2.02
Signal Strength: MEDIUM
Western Areas (ASX:WSA) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1525.
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: Western Areas (WSA.AX)
Stock Exchange: ASX
Company: Western Areas
Ticker Codes: | WSA.AX | ASX:WSA |
Western Areas Limited engages in the mining, processing, and sale of nickel sulphide concentrates. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals in Australia, Canada, and Finland. Its flagship property is the Forrestania project located in Australia. The company was founded in 1999 and is headquartered in West Perth, Australia.
|DNA Donaco International||0.12||9.1||3,465,966||-70,851||BEARISH|
|BFC Beston Global Food||0.11||5||372,431||-2,440||BEARISH|
|LAU Lindsay Australia||0.34||4.6||181,661||-383||BEARISH|
|RSG Resolute Mining||1.26||3.7||10,921,411||-15,646||BEARISH|
|SYR Syrah Resources||0.86||3||7,057,555||-56,697||BEARISH|
|VAH Virgin Australia Holdings||0.17||3||676,369||-1,835||BEARISH|
|RCT Reef Casino||2.48||2.5||8,450||-145||BEARISH|
|BAL Bellamys Australia||7.95||2.1||1,201,427||-6,579||BEARISH|