Yancoal Australia (YAL)

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Yancoal Australia (YAL): Signals

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TECHNICAL ANALYSIS SUMMARY

Yancoal Australia (YAL.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $3.1
Signal Strength: MEDIUM
Recommendation:

Yancoal Australia (ASX:YAL) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1621.


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: Yancoal Australia (YAL.AX)


Stock Exchange: ASX
Company: Yancoal Australia
Ticker Codes: | YAL.AX | ASX:YAL |

About Yancoal Australia (ASX:YAL):

Yancoal Australia Ltd Engages in the exploration, development, production, and marketing of metallurgical and thermal coal Australia, Singapore, South Korea, China, Japan, Taiwan, and internationally. It owns interests in the Moolarben coal mine located in the Western Coalfields of New South Wales; Stratford and Duralie mines located to the north of Newcastle in the Gloucester Basin; Yarrabee mine located to the northeast of Blackwater in Central Queensland's Bowen Basin; and Middlemount mine located to the north-east of Emerald in Queensland's Bowen Basin. The company was founded in 2004 and is based in Sydney, Australia. Yancoal Australia Ltd is a subsidiary of Yanzhou Coal Mining Company Limited.

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