|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Ci Resources (CII.AX)
ON BALANCE VOLUME
Trading: SELL @ $1.15
Signal Strength: MEDIUM
Ci Resources (ASX:CII) current price has highlighted recent distribution. Currently, the OBV is -214.
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: Ci Resources (CII.AX)
Stock Exchange: ASX
Company: Ci Resources
Ticker Codes: | CII.AX | ASX:CII |
CI Resources Limited, together with its subsidiaries, engages in the mining, processing, and sale of phosphate rock, phosphate dust, and chalk in Australia. It operates through Mining and Farming segments. The company also provides earthmoving, fuel pilotage, maintenance, and stevedoring services to other organizations in Christmas Island; operates a palm oil estate; and processes and sells palm oil products. CI Resources Limited also exports its phosphate products to New Zealand, Malaysia, Thailand, and Indonesia. In addition, the company offers shipping services; and fuel and marketing services. CI Resources Limited was incorporated in 1987 and is based in Burswood, Australia.
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