Nick Scali (NCK.AX)
ON BALANCE VOLUME
Trading: SELL @ $5.08
Signal Strength: MEDIUM
Nick Scali (ASX:NCK) current price has highlighted recent distribution. Currently, the OBV is -27102.6.
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: Nick Scali (NCK.AX)
Stock Exchange: ASX
Company: Nick Scali
Ticker Codes: | NCK.AX | ASX:NCK |
Nick Scali Limited, together with its subsidiaries, engages in sourcing and retailing household furniture and related accessories in Australia. It offers lounges; occasional chairs, such as armchairs and bar stools; dining tables and chairs; buffets/cabinets; TV units; coffee tables; rugs; and mirrors. The company operates 46 Nick Scali stores and 5 Sofas2Go stores. It also offers its products online. Nick Scali Limited is headquartered in North Ryde, Australia.
On Balance VolumeDownload
|WSA Western Areas||2.35||0.4||1,276,780||-4,437.5||BEARISH CROSSOVER|
|PRT Prime Television||0.25||0||71,714||-30,393.2||BEARISH CROSSOVER|
|PSQ Pacific Smiles||1.33||0||0||-664.8||BEARISH CROSSOVER|
|AUB Austbrokers Holdings||13.65||0||0||-3,492.4||BEARISH CROSSOVER|
|BNO Bionomics||0.16||0||0||-7,081||BEARISH CROSSOVER|
|FLT Flight Centre||45.99||-0.2||202,125||-33,183.2||BEARISH CROSSOVER|
|SCG Scentre||4.04||-0.2||7,081,439||-1,331,889.6||BEARISH CROSSOVER|
|BWP Bunnings Warehouse Property Trust||3.48||-0.3||1,518,758||-151,023.3||BEARISH CROSSOVER|
|GNC Graincorp||7.97||-0.5||877,847||-73,369.8||BEARISH CROSSOVER|
|TPM Tpg Telecom||7.53||-0.5||1,236,251||-49,533||BEARISH CROSSOVER|