ON BALANCE VOLUME
Trading: SELL @ $1.15
Signal Strength: MEDIUM
Maca (ASX:MLD) current price has highlighted recent distribution. Currently, the OBV is -286894.
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: Maca (MLD.AX)
Stock Exchange: ASX
Ticker Codes: | MLD.AX | ASX:MLD |
MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.
On Balance VolumeDownload
|EDE Eden Energy||0.11||18.3||18,226,541||15,052,003.9||BULLISH|
|SMX Sms Management & Technology||0.26||8.3||240,688||1,931.2||BULLISH|
|UOS United Overseas Australia||0.7||6.1||1,000||27,129.4||BULLISH|
|MXI Maxitra Industries||0.54||5.9||29,549||244,807.5||BULLISH|
|CCV Cash Converters International||0.28||5.8||647,158||236,217.2||BULLISH|
|SMN Structural Monitoring Systems||1.1||5.8||33,656||1,616.8||BULLISH|
|GNG GR Engineering Services||1.31||4.8||25,920||5,533.9||BULLISH|
|HFR Highfield Resources||0.57||4.6||39,786||16,875.2||BULLISH|