ON BALANCE VOLUME
Trading: SELL @ $4.86
Signal Strength: MEDIUM
Wellcom (ASX:WLL) current price has highlighted recent distribution. Currently, the OBV is -9191.1.
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: Wellcom (WLL.AX)
Stock Exchange: ASX
Ticker Codes: | WLL.AX | ASX:WLL |
Wellcom Group Limited provides advertising and marketing content production and content management services in Australia, the United Kingdom, New Zealand, Asia, and the United States. The company offers creative production services, including studio creative, photography, and retouching; adaptation services for print, digital, and video content; and Knowledgewell, a marketing software for marketing resource, campaign, digital asset, workflow, and print management. It also provides design and artwork services; and television production, digital print, and computer to plate production services. The company was founded in 2000 and is based in Port Melbourne, Australia.
On Balance VolumeDownload
|CLQ Clean Teq Holdings||0.41||6.6||745,433||-631,865.5||BEARISH|
|PNI Pinnacle Investment Management||5.16||6||398,791||-69,688.3||BEARISH|
|GXY Galaxy Resources||2.54||5.8||3,446,812||-605,048.7||BEARISH|
|LIC Lifestyles Communities||5.38||5.5||10,916||-5,885.3||BEARISH|
|AHG Advance Healthcare||1.5||5.3||1,663,905||-375,043.4||BEARISH|