Zeolite Australia (ZEL)

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Zeolite Australia (ZEL): Signals

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TECHNICAL ANALYSIS SUMMARY

Zeolite Australia (ZEL.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $5.45
Signal Strength: STRONG
Recommendation:

Zeolite Australia (ASX:ZEL) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -2.


A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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: Zeolite Australia (ZEL.AX)


Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |

About Zeolite Australia (ASX:ZEL):

Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.

Top 10:

Daily Volume Index

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Company Close Change (%) Volume Value Signal
RSG Resolute Mining 1.17 2.2 5,256,727 6 BULLISH CROSSOVER
SNZ Summerset Holdings 5.97 1.5 43 93 BULLISH CROSSOVER
RHC Ramsay Health Care 57.81 1.1 308,807 3 BULLISH CROSSOVER
EVT Event Hospitality And Entertainment 13.2 0.5 6,369 30 BULLISH CROSSOVER
NVT Navitas 5.6 0.5 2,880,539 102 BULLISH CROSSOVER
FPH Fisher & Paykel Healthcare 13.28 0.2 181,156 16 BULLISH CROSSOVER
PHI Phileo Australia 12.5 0 0 16 BULLISH CROSSOVER
VGL Volante 3.53 0 755 4,736 BULLISH CROSSOVER
ORA Orora 3.21 -0.3 2,258,777 2,502 BULLISH CROSSOVER
CMA Centuria Metropolitan 2.35 -0.4 150,292 313 BULLISH CROSSOVER
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