Fastbrick Robotics (FBR.AX)
ON BALANCE VOLUME
Trading: SELL @ $0.105
Signal Strength: MEDIUM
Fastbrick Robotics (ASX:FBR) current price has highlighted recent distribution. Currently, the OBV is -499231.
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: Fastbrick Robotics (FBR.AX)
Stock Exchange: ASX
Company: Fastbrick Robotics
Ticker Codes: | FBR.AX | ASX:FBR |
Fastbrick Robotics Limited, a robotic technology company, develops and commercializes digital construction technology solutions in Australia. It engages in developing Hadrian X, a patented 3D robotic bricklaying system that handles the loading, cutting, routing, and placement of various bricks. The company is headquartered in High Wycombe, Australia.
On Balance VolumeDownload
|CCV Cash Converters International||0.26||4||41,882||-42,866||BEARISH|
|BFC Beston Global Food||0.14||3.7||127,631||-36,184.7||BEARISH|
|PPC Peet & Company||1.06||2.9||131,457||-4,089.3||BEARISH|
|TLG Talga Gold||0.35||2.9||146,768||-62,192.9||BEARISH|
|SUL Super Cheap Auto||7.09||2.8||1,040,885||-155,735||BEARISH|
|EHE Estia Health||2.19||2.3||605,902||-49,511.5||BEARISH|