Service Stream (SSM.AX)
ON BALANCE VOLUME
Trading: SELL @ $2.26
Signal Strength: MEDIUM
Service Stream (ASX:SSM) current price has highlighted recent distribution. Currently, the OBV is -301961.
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: Service Stream (SSM.AX)
Stock Exchange: ASX
Company: Service Stream
Ticker Codes: | SSM.AX | ASX:SSM |
Service Stream Limited accesses, designs, builds, installs, and maintains networks in Australia. It operates through Fixed Communications, Network Construction, and Energy & Water segments. The Fixed Communications segment provides a range of operations and maintenance, and other works services, such as customer connections and service assurance, as well as asset remediation, augmentation, and relocation to the owners of fixed-line telecommunications networks. The Network Construction segment offers turnkey services, including program management, site acquisition, town planning, design, engineering, and construction management for projects in wireless and fixed-line telecommunications, signaling, and power. The Energy & Water segment provides various metering, in-home, and new energy services to electricity, gas, and water networks; and contact center and workforce management support services. The company offers its services to copper, fiber, HFC, and wireless telecommunications networks, as well as a range of private and public energy and water entities. Service Stream Limited is headquartered in Melbourne, Australia.
On Balance VolumeDownload
|PGC Paragon Care||0.48||9.2||563,206||-68,261.5||BEARISH|
|SAS Sky And Space Global||0.03||7.4||1,536,383||-1,024,375.3||BEARISH|
|TRS Reject Shop||2.64||7.3||58,405||-14,170.4||BEARISH|
|MLX Metals X||0.23||7.1||6,862,209||-4,302,233.7||BEARISH|
|EMH European Metals Holdings||0.3||7.1||10,000||-5,534.4||BEARISH|
|SYR Syrah Resources||1.05||6.1||5,208,632||-2,564,431.6||BEARISH|
|GTN GTN Resources||1.28||4.1||1,557||-41,146.4||BEARISH|