ON BALANCE VOLUME
Trading: HOLD @ $135.77
Signal Strength: MEDIUM
Macquarie (ASX:MQG) current price has highlighted recent accumulation. Currently, the OBV is 285409.
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: Macquarie (MQG.AX)
Stock Exchange: ASX
Ticker Codes: | MQG.AX | ASX:MQG |
Macquarie Group Limited provides diversified financial services in Australia, Europe, the Middle East, Africa, Americas, and the Asia Pacific. It operates in five segments: Macquarie Asset Management (MAM), Corporate and Asset Finance (CAF), Banking and Financial Services (BFS), Commodities and Global Markets (CMG), and Macquarie Capital. The MAM segment specializes in infrastructure, real estate, agriculture, and energy via public and private funds, co-investments, partnerships, and separately managed accounts; and offers securities investment management solutions across various asset classes, including fixed income, currencies, equities, infrastructure securities, hedge funds, and multi-asset allocation solutions. It also provides investment solutions and balance sheet lending services. The CAF segment offers finance and asset management solutions, such as aircraft, vehicles, technology, healthcare, manufacturing, industrial, energy, rail, and mining equipment to clients across specialized assets. It also provides primary financing solutions; and engages in secondary market investing activities. The BFS segment offers retail banking products comprising mortgages, credit cards, and transaction and savings accounts; and wrap platform and cash management, financial advisory, and private banking and stockbroking services, as well as investment and superannuation products. It also provides deposit, lending, and payment solutions, as well as tailored services to business clients. The CGM segment offers end-to-end offering, which comprise equities, fixed income, foreign exchange, and commodities. The Macquarie Capital segment provides corporate finance advisory and capital market services to corporate and government clients involved in public and private mergers and acquisitions, debt and equity fund raisings, private equity raisings, and corporate restructuring. The company was founded in 1969 and is headquartered in Sydney, Australia.
On Balance VolumeDownload
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