The single share traded into the red as the last trade of the day is curious and starting to become a trend with DRO.
Although it’s only a single share, most technical analysis tools (VWAP, RSI, Stochastics etc.) appear to factor high/low share price independent of volumes per traded price. Meaning that this single share, daily low sp trade has the capacity to effect the indicators used by institutional firms, sophisticated investors and TA nerds, many of whom I imagine employ automated trading systems. Not to mention CFDs (unsure if these are even available for DRO) which is purely price swing dependent and do not factor volume at all.
*removes tinfoil hat*
Honestly though, I’ve been scratching my head about this and thought I’d share my thoughts. All IMO. More than happy to be schooled by more learned minds.
Hope everyone has a good weekend
Cheers
k
- Forums
- ASX - By Stock
- DRO
- DRO chart
DRO chart, page-678
-
- There are more pages in this discussion • 202 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.37 |
Change
0.045(3.41%) |
Mkt cap ! $1.190B |
Open | High | Low | Value | Volume |
$1.32 | $1.38 | $1.30 | $12.40M | 9.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 90320 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.37 | 69277 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 89218 | 1.360 |
6 | 96409 | 1.355 |
16 | 469948 | 1.350 |
1 | 80085 | 1.345 |
10 | 419510 | 1.340 |
Price($) | Vol. | No. |
---|---|---|
1.370 | 69277 | 8 |
1.375 | 154665 | 6 |
1.380 | 144491 | 13 |
1.385 | 21544 | 5 |
1.390 | 306841 | 23 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
Featured News
DRO (ASX) Chart |