ON BALANCE VOLUME
Trading: HOLD @ $1.62
Signal Strength: MEDIUM
Data#3 (ASX:DTL) current price has highlighted recent accumulation. Currently, the OBV is 6591.
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: Data#3 (DTL.AX)
Stock Exchange: ASX
Ticker Codes: | DTL.AX | ASX:DTL |
Data#3 Limited, together with its subsidiaries, provides information technology (IT) solutions in Australia and the Asia Pacific. The company operates through two segments, Product and Services. The Product segment provides hardware and software licenses for customers' desktop, network, and data center infrastructure. The Services segment offers consulting, project, managed, and maintenance contracts, as well as workforce recruitment and contracting services in relation to the design, implementation, operation, and support of ICT solutions. It also provides cloud/hybrid IT, mobility, security, data and analytics, and IT lifecycle management solutions. Data#3 Limited was founded in 1977 and is headquartered in Toowong, Australia.
On Balance VolumeDownload
|TZN Terramin Australia||0.09||9.8||14,570||-6,824.9||BEARISH|
|MVP Medical Developments||3.91||7.4||111,742||-527,223.7||BEARISH|
|NEC Nine Entertainment||1.49||7.2||17,312,234||-1,230,844.3||BEARISH|
|IRD Iron Road||0.06||6.7||45,111||-3,218.1||BEARISH|
|ONE Oneview Healthcare||0.48||5.6||567||-12,980.3||BEARISH|
|MOY Millennium Minerals||0.21||5.1||741,093||-975,404.4||BEARISH|