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


Trading: SELL @ $6.11
Signal Strength: MEDIUM
Recommendation:

Zeolite Australia (ASX:ZEL) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -9.


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: 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
GGG Greenland Minerals 0.1 16.3 5,387,397 -30,978 BEARISH
BAL Bellamys Australia 9.18 12.5 2,509,847 -12,544 BEARISH
AYS Amaysim Australia 1.06 9.3 280,426 -194 BEARISH
BKL Blackmores Laboratories 127.63 8.8 119,034 -279 BEARISH
CSV CSG 0.2 8.1 321,533 -1,689 BEARISH
BRN Brainchip Holdings 0.14 8 628,933 -26,568 BEARISH
GSW Getswift 0.58 7.4 181,079 -14,359 BEARISH
MOC Mortgage Choice 1.29 6.6 79,382 -322 BEARISH
NEA Nearmap 1.49 6.1 3,915,953 -3,056 BEARISH
BGA Bega Cheese 6.51 5.7 1,484,538 -4,274 BEARISH
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