ON BALANCE VOLUME
Trading: HOLD @ $185.79
Signal Strength: MEDIUM
Cochlear (ASX:COH) current price has highlighted recent accumulation. Currently, the OBV is 72973.3.
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: Cochlear (COH.AX)
Stock Exchange: ASX
Ticker Codes: | COH.AX | ASX:COH |
Cochlear Limited provides implantable hearing solutions. The company offers cochlear implants, including Nucleus 6 system and Kanso sound processors; Carina middle-ear implants and accessories; Baha bone conduction implants, such as Baha attract system, Baha connect system, Baha softband, Baha 5 sound processor, Baha 5 power, Baha 5 superpower, other sound processors, and wireless accessories; and Cochlear true Wireless devices comprising mini microphones, phone clips, and TV streamers. It also provides Cochlear Vistafix bone-anchored facial prosthetic solutions to enhance the attachment and cosmetic outcome of facial prostheses. The company sells its products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cochlear Limited has a strategic collaboration with Sensorion to focus on improving hearing outcomes in patients with cochlear implants. The company was incorporated in 1983 and is headquartered in Sydney, Australia.
On Balance VolumeDownload
|BKY Berkeley Resources||0.53||21.8||3,116,810||-617,960.1||BEARISH|
|MCY Mighty River Power||3.5||11.1||2,786||-35,523.3||BEARISH|
|SYR Syrah Resources||1.98||10.3||2,782,361||-1,138,960.7||BEARISH|
|SAS Sky And Space Global||0.06||7.8||4,311,927||-1,666,127.1||BEARISH|
|MNS Milnes Holdings||0.31||6.9||194,478||-166,139||BEARISH|
|IDX Integral Diagnostics||2.66||4.3||40,672||-58,075.5||BEARISH|
|BPT Beach Petroleum||1.63||4.2||9,728,490||-5,822,642.7||BEARISH|