ON BALANCE VOLUME
Trading: SELL @ $6.92
Signal Strength: MEDIUM
ELD (ASX:ELD) current price has highlighted recent distribution. Currently, the OBV is -71473.6.
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: ELD (ELD.AX)
Stock Exchange: ASX
Ticker Codes: | ELD.AX | ASX:ELD |
Elders Limited provides livestock, real estate, and wool agency services to rural and regional customers primarily in Australia. It operates through Network, Feed and Processing, Live Export, and Other segments. The company offers rural farm inputs, such as seeds, fertilizers, agricultural chemicals, animal health products, and general rural merchandise, as well as professional production and cropping advisory services. It also provides on-farm sales to third parties, regular physical, and online public livestock auctions, as well as directly sells through its owned and third-party feedlots and livestock exporters; real estate agency and property management services; agency services for the sale of greasy wool; brokering services for wool growers; and grain marketing services. In addition, the company offers a range of banking, funding, insurance, and financial planning products and services. Further, it operates an integrated feedlot and abattoir; imports, processes, and distributes food products; and trades in dairy, feeder, slaughter, and breeding cattle and sheep. Additionally, the company provides investment services. Elders Limited was founded in 1839 and is headquartered in Adelaide, Australia.
On Balance VolumeDownload
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