Carsales (CAR)

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Carsales (CAR): Signals

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[BULLISH]: Carsales current price has highlighted recent accumulation. Currently, the OBV is 61478.

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: Carsales (CAR.AX)

Stock Exchange: ASX
Company: Carsales
Ticker Codes: | CAR.AX | ASX:CAR |

About Carsales (ASX:CAR): Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia. The company operates in four segments: Online Advertising Services, Data, Research and Services, International, and Finance and Related Services. The Online Advertising Services segment provides classified advertising that allows dealers and consumers to advertise automotive and nonautomotive goods and services for sale across the carsales network; and includes services, such as subscriptions, lead, and priority placement services across automotive and non-automotive Websites. It also offers display advertising services, including placing advertisements on carsales network Websites for corporate customers, such as automotive manufacturers/importers, finance and insurance companies, etc. In addition, this segment holds investments in, an online tyre retailer that allows consumers to transact and purchase tyres; and RedBook Inspect, which provides inspection services published online as part of classified advertisements. The Data, Research and Services segment offers software, analysis, research and reporting, valuation services, and Website development and hosting, as well as photography services to manufacturers/importers, dealers, industry bodies, and finance and insurance companies. The International segment engages in the online automotive classifieds and automotive data services businesses internationally. The Finance and Related Services segment provides finance arrangements for vehicles, boats, and other leisure items; vehicle procurement; and other related services to customers. The company was founded in 1997 and is headquartered in Richmond, Australia.

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On Balance Volume

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ING Inghams 3.72 1.1 1,312,077 740,258 BULLISH CROSSOVER
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