Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Daily Volume Index

Score

-1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 18.4 0.50% 0.70% 3.3% -3.9% -16.1%
SHORT 13 18.1 0.46% 0.67% 1.2% -6.7% -52.6%

Summary

Technical Analysis

Watpac (WTP.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.91
Signal Strength: MEDIUM
Recommendation:

Watpac (ASX:WTP) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -308.


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: Watpac (WTP.AX)


Stock Exchange: ASX
Company: Watpac
Ticker Codes: | WTP.AX | ASX:WTP |

About Watpac (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.

Top 10:

Daily Volume Index

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GCY Gascoyne Resources 0.14 3.7 4,162,699 -2,146 BEARISH
VVR Viva Energy Reit 2.28 3.2 3,644,954 -984 BEARISH
MYS Mystate 4.53 3 54,537 -3,315 BEARISH