[BULLISH CROSSOVER]: Watpac current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 34.
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: Watpac (WTP.AX)
Stock Exchange: ASX
Ticker Codes: | WTP.AX | ASX:WTP |
Watpac Limited operates as a construction and civil and mining services company in Australia. The company operates through three segments: Contracting, Civil & Mining, and Property. It offers building, refurbishment, project management, and construction management services to sports, health and science, defense, education, residential, commercial, retail, and industrial sectors, as well as to resource companies, airports, and real estate investment trusts; and local, state, and federal governments. The company also provides mining services, such as project management, contract open-cut mining, drilling and blasting, and mineral and processing facilities; and civil services comprising mine access and haul roads, tailings dams, airfields, storage dams, marine works, bulk earthworks, bridge works, road works, drainage, pipework, and HDPE liner installation services. In addition, it is involved in the development, sale, trading, and lease of commercial, residential, and industrial properties, as well as retail properties. Further, the company undertakes technical refurbishment projects through a range of areas, including aged care, health, commercial, education, food-related facilities, and various other construction disciplines. Watpac Limited was founded in 1983 and is headquartered in Newstead, Australia.
Daily Volume IndexDownload
|RND Rand Mining||3.8||58.3||13,444||7,287||BULLISH|
|TBR Tribune Resources||10.5||50||20,514||1,119||BULLISH|
|SVW Seven Holdings||22.5||6||2,742,176||2,743||BULLISH|
|RSG Resolute Mining||1.1||4.3||10,327,619||133||BULLISH|
|PRT Prime Television||0.24||4.3||71,152||114,402||BULLISH|
|LAU Lindsay Australia||0.39||4||133,300||187||BULLISH|
|AVJ Av Jennings Homes||0.68||3.8||74,709||8,524||BULLISH|