ON BALANCE VOLUME
Trading: SELL @ $3.88
Signal Strength: MEDIUM
Scentre (ASX:SCG) current price has highlighted recent distribution. Currently, the OBV is -840625.
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: Scentre (SCG.AX)
Stock Exchange: ASX
Ticker Codes: | SCG.AX | ASX:SCG |
Scentre Group owns and operates the pre-eminent shopping centre portfolio in Australia and New Zealand with retail real estate assets under management valued at $51 billion and shopping centre ownership interests valued at $36.2 billion. This comprises 39 Westfield shopping centres which have strong franchise value and the ability to attract the world's leading retail brands. Scentre Group's strategy is to own interests in the highest quality regional shopping centres in its markets and to invest in these assets through redevelopment opportunities, ensuring that the Group's shopping centres enrich communities by providing extraordinary retail spaces. Many shopping centres in the portfolio are owned in partnership with leading property investment institutions. Westfield shopping centres are an essential part of the community's social and economic fabric and in 2017 more than 530 million customers visits were made across Australia and New Zealand.
On Balance VolumeDownload
|HFR Highfield Resources||0.71||7.6||283,351||-6,043.5||BEARISH|
|SNZ Summerset Holdings||5.61||5.3||2,413||-9,283.5||BEARISH|
|MNF My Net Fone||4.58||4.1||80,005||-3,559.9||BEARISH|
|GOR Gold Road Resources||0.93||3.4||1,393,557||-11,711.5||BEARISH|
|SLK Sealink Travel||4||2.6||10,315||-19,068.9||BEARISH|
|SDA Speedcast International||3.91||2.4||450,781||-238,172.9||BEARISH|