ON BALANCE VOLUME
Trading: SELL @ $13.22
Signal Strength: MEDIUM
Amcor (ASX:AMC) current price has highlighted recent distribution. Currently, the OBV is -1.50288e+006.
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.
On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.
Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)
PROFILE: Amcor (AMC.AX)
Stock Exchange: ASX
Ticker Codes: | AMC.AX | ASX:AMC |
Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.
On Balance VolumeDownload
|MTO Moto Goldmines||2.6||8.3||43,680||-28,357.5||BEARISH CROSSOVER|
|MXI Maxitra Industries||0.54||5.9||29,549||-22,096.5||BEARISH CROSSOVER|
|MGX Mount Gibson Iron||0.48||5.6||1,145,128||-294,689.4||BEARISH CROSSOVER|
|EZL Euroz||1.26||2.9||35,482||-15,775.5||BEARISH CROSSOVER|
|BEN Bendigo Bank||10.27||1.4||1,634,738||-21,920.1||BEARISH CROSSOVER|
|TNE Technology One||5.4||0.6||592,825||-1,947,001.2||BEARISH CROSSOVER|
|GNE Genesis Energy||2.26||0.4||68,289||-8,303.1||BEARISH CROSSOVER|
|QVE QV Equities||1.12||0.4||186,252||-167,687.2||BEARISH CROSSOVER|
|ANZ Australia & Banking||25.88||0.3||4,938,940||-411,577||BEARISH CROSSOVER|
|CNU Chorus||4.48||0.2||282,836||-4,538.5||BEARISH CROSSOVER|