Ap Eagers Holdings (APE.AX)
ON BALANCE VOLUME
Trading: SELL @ $7.64
Signal Strength: MEDIUM
Ap Eagers Holdings (ASX:APE) current price has highlighted recent distribution. Currently, the OBV is -11852.
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: Ap Eagers Holdings (APE.AX)
Stock Exchange: ASX
Company: Ap Eagers Holdings
Ticker Codes: | APE.AX | ASX:APE |
A.P. Eagers Limited owns and operates motor vehicle dealerships in Australia. The company operates in four segments: Car Retailing, Truck Retailing, Property, and Investments. It sells new and used motor vehicles; distributes and sells parts, accessories, and car care products; provides vehicle brokerage, maintenance, and repair services; offers extended warranties; facilitates finance and leasing of motor vehicles; vehicle protection and other aftermarket products; and owns property and investments. The company is also involved in motor vehicle auction business. It has operations primarily in southern and central Queensland, Adelaide, Darwin, Melbourne, Sydney, the Newcastle/Hunter Valley region of New South Wales, and Tasmania. A.P. Eagers Limited was founded in 1913 and is based in Newstead, Australia.
On Balance VolumeDownload
|SWM Seven West Media||0.52||5.1||2,907,492||-1,897,260.8||BEARISH|
|CTD Corporate Travel Management||25.36||4.4||715,604||-9,088.7||BEARISH|
|AHY Asaleo Care||0.97||3.2||629,881||-136,782.4||BEARISH|
|SLK Sealink Travel||3.95||2.6||45,118||-7,145.4||BEARISH|
|LAU Lindsay Australia||0.4||2.6||17,242||-22,774.9||BEARISH|
|IEL IDP Education||14.87||2.6||765,945||-18,390.7||BEARISH|