[BULLISH]: Nearmap current price has highlighted recent accumulation. Currently, the OBV is 2.58344e+007.
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)
On Balance VolumeDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|MOC Mortgage Choice||1.59||8.9||401,398||3,983,078||BULLISH|
|OSP Osprey Medical||0.2||5.4||224,750||887,051||BULLISH|
|AJX Alexium International||0.16||3.3||183,038||6,019,487||BULLISH|
|EWC Energy World Corporation||0.17||3.1||474,485||29,298,400||BULLISH|
|GNE Genesis Energy||2.32||3.1||11,628||170,628||BULLISH|