ON BALANCE VOLUME
Trading: HOLD @ $6.11
Signal Strength: MEDIUM
Burson (ASX:BAP) current price has highlighted recent accumulation. Currently, the OBV is 437388.
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: Burson (BAP.AX)
Stock Exchange: ASX
Ticker Codes: | BAP.AX | ASX:BAP |
Bapcor Limited supplies automotive aftermarket parts, accessories, equipment, and services in Australasia. It operates through Trade, Retail & Service, Specialist Wholesale, and Hellaby Automotive segments. The Trade segment offers automotive aftermarket parts and consumables to trade workshops; automotive workshop equipment, such as vehicle hoists and scanning equipment; and automotive accessories and maintenance products to do-it-yourself vehicle owners. As of June 30, 2017, this segment operated 160 stores. The Retail & Service segment operates 385 company owned and franchise stores under the Autobarn, Autopro, Sprint Auto Parts, and Car Parts retail store brands, as well as the Midas and ABS workshop service brands. The Specialist Wholesale segment engages in the automotive aftermarket wholesale; and automotive electrical parts, under car parts, and aftermarket diesel fuel injection and turbocharger distributorship. The Hellaby Automotive segment engages in the wholesale and distribution of auto electrical parts. The company was formerly known as Burson Group Limited and changed its name to Bapcor Limited in July 2016. Bapcor Limited was founded in 1971 and is based in Preston, Australia.
On Balance VolumeDownload
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