ON BALANCE VOLUME
Trading: SELL @ $0.068
Signal Strength: MEDIUM
Broo (ASX:BEE) current price has highlighted recent distribution. Currently, the OBV is -30330.3.
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: Broo (BEE.AX)
Stock Exchange: ASX
Ticker Codes: | BEE.AX | ASX:BEE |
Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.
On Balance VolumeDownload
|AXP Airxpanders Inc||0.04||13.9||692,845||-222,535.8||BEARISH|
|BFC Beston Global Food||0.17||10||198,167||-87.4||BEARISH|
|EMH European Metals Holdings||0.41||6.5||10,000||-10,842.2||BEARISH|
|MNS Milnes Holdings||0.35||6.1||1,136,949||-138,227.6||BEARISH|
|SPL Starpharma Holdings||1.54||5.1||1,150,817||-9,230.4||BEARISH|
|ELX Ellex Medical Lasers||0.71||4.4||49,654||-250,669||BEARISH|
|IRI Integrated Research||2.37||4.4||132,464||-189,163||BEARISH|