Bellamys Australia (BAL)

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Bellamys Australia (BAL): Signals

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TECHNICAL ANALYSIS SUMMARY

Bellamys Australia (BAL.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $7.6
Signal Strength: MEDIUM
Recommendation:

Bellamys Australia (ASX:BAL) current price has highlighted recent accumulation. Currently, the OBV is 319444.


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.


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: Bellamys Australia (BAL.AX)


Stock Exchange: ASX
Company: Bellamys Australia
Ticker Codes: | BAL.AX | ASX:BAL |

About Bellamys Australia (ASX:BAL):

Bellamy's Australia Limited produces and markets organic foods and formula products for babies, toddlers, and young children. The company offers formula and toddler milk drinks, cereals and rusks, pastas, snacks, and ready to serve baby foods, as well as powdered milk products. Bellamy's Australia Limited sells its products to retailers and other resellers in Australia; distributors and customers through third party Websites in China and Hong Kong; and other distributors and retailers in South East Asia. The company was formerly known as Tasmanian Pure Foods Limited and changed its name to Bellamy's Australia Limited in June 2014. Bellamy's Australia Limited was founded in 2004 and is based in Launceston, Australia.

Top 10:

On Balance Volume

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