ON BALANCE VOLUME
Trading: SELL @ $26.49
Signal Strength: MEDIUM
Caltex (ASX:CTX) current price has highlighted recent distribution. Currently, the OBV is -560347.
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: Caltex (CTX.AX)
Stock Exchange: ASX
Ticker Codes: | CTX.AX | ASX:CTX |
Caltex Australia Limited engages in purchasing, refining, distributing, and selling petroleum products in Australia, New Zealand, and Singapore. It operates through Supply and Marketing, and Lytton segments. The Supply and Marketing segment sells fuels, lubricants, specialty products, and convenience store goods through a network of Caltex, Caltex Woolworths, and Ampol branded service stations, as well as through company owned and non-equity resellers, and direct sales to corporate customers. This segment distributes its products through pipelines, terminals, depots, and owned and contracted transportation fleet. The Lytton segment refines crude oil into petrol, diesel, greases, and jet fuel, as well as various specialty products, including liquid petroleum gas. Caltex Australia Limited was founded in 1900 and is headquartered in Sydney, Australia.
On Balance VolumeDownload
|SNL Supply Network||3.75||2.7||900||-29,544.8||BEARISH CROSSOVER|
|SHV Select Harvests||6||2.6||980,497||-114,594.7||BEARISH CROSSOVER|
|GNE Genesis Energy||2.87||2.1||67,244||-948.7||BEARISH CROSSOVER|
|GDF Garda Diversified Property Fund||1.34||1.9||237,222||-135.2||BEARISH CROSSOVER|
|HVN Harvey Norman||3.81||1.9||3,624,183||-48,294.5||BEARISH CROSSOVER|
|MNY Money3||1.95||1.8||72,836||-893.6||BEARISH CROSSOVER|
|CIP Centuria Industrial||3.05||1.3||131,153||-3,876.4||BEARISH CROSSOVER|
|AMH Amcil||0.85||1.2||16,125||-8,722.7||BEARISH CROSSOVER|
|GMG Goodman||13.39||1.1||5,380,062||-268,834.9||BEARISH CROSSOVER|
|AZJ Aurizon Holdings||4.55||1.1||9,188,323||-477,127.9||BEARISH CROSSOVER|