ON BALANCE VOLUME
Trading: HOLD @ $0.705
Signal Strength: MEDIUM
Iselect (ASX:ISU) current price has highlighted recent accumulation. Currently, the OBV is 3571.4.
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: Iselect (ISU.AX)
Stock Exchange: ASX
Ticker Codes: | ISU.AX | ASX:ISU |
iSelect Limited provides online comparison and expert advisory services of insurance, utilities, and personal finance products in Australia. The company operates through three segments: Health, Life and General Insurance, and Energy and Telecommunications. It compares and sells private health insurance, life, car, pet, travel, and home and contents insurance; and broadband, mobile phones and plans, energy, home loans, and personal finance products. The company offers its services under the iSelect, InfoChoice, and Energy Watch brands. iSelect Limited was founded in 2000 and is headquartered in Cheltenham, Australia.
On Balance VolumeDownload
|ATM Aneka Tambang||1.01||6.3||1,302||30.2||BULLISH CROSSOVER|
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|CIP Centuria Industrial||3.02||2.7||394,200||17,875.2||BULLISH CROSSOVER|
|ANG Austin Engineering||0.23||2.3||4,439,248||431,822.2||BULLISH CROSSOVER|
|CAT Catuity||0.81||1.3||222,616||18,919.4||BULLISH CROSSOVER|
|MVP Medical Developments||4.34||1.2||27,556||7,792||BULLISH CROSSOVER|
|FBR Fastbrick Robotics||0.1||1||2,035,702||141,820.6||BULLISH CROSSOVER|
|IGL International Goldfields||2.2||0.9||306,664||11,660.9||BULLISH CROSSOVER|
|CCL Coca-Cola Amatil||8.42||0.8||1,529,311||456,171||BULLISH CROSSOVER|
|VVR Viva Energy Reit||2.49||0.8||1,277,903||233,386.2||BULLISH CROSSOVER|