ON BALANCE VOLUME
Trading: SELL @ $2.7
Signal Strength: MEDIUM
Nearmap (ASX:NEA) current price has highlighted recent distribution. Currently, the OBV is -1.10075e+006.
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: Nearmap (NEA.AX)
Stock Exchange: ASX
Ticker Codes: | NEA.AX | ASX:NEA |
Nearmap Ltd provides online aerial photomapping services in Australia and the United States. The company offers PhotoMap, an online content provider that creates current and changing maps. Its solutions are used in the architecture and engineering, construction, insurance, rail, property, roofing, and solar, as well as government industries. The company was formerly known as ipernica ltd and changed its name to Nearmap Ltd in November 2012. Nearmap Ltd was founded in 2000 and is headquartered in Barangaroo, Australia.
On Balance VolumeDownload
|SWM Seven West Media||0.52||5.1||2,907,492||-1,897,260.8||BEARISH|
|CTD Corporate Travel Management||25.36||4.4||715,604||-9,088.7||BEARISH|
|AHY Asaleo Care||0.97||3.2||629,881||-136,782.4||BEARISH|
|SLK Sealink Travel||3.95||2.6||45,118||-7,145.4||BEARISH|
|LAU Lindsay Australia||0.4||2.6||17,242||-22,774.9||BEARISH|
|IEL IDP Education||14.87||2.6||765,945||-18,390.7||BEARISH|