Posted On: 04/07/2015 4:16:34 PM
Post# of 9964
Re: Chewbacca333 #8851
OBV Update 4/7/2015.... Just for the fun of it I'm applying Joe Granville's Technical Strategy of "On Balance Volume" to Marani Brands stock price..
On Balance Volume Data "Cumulative based on daily volume" - 2/16 through 4/7:
2/13 - 10,145,058v
2/17 - 08,006,119
2/18 - 08,006,119
2/19 - 08,006,119
2/20 +04,756,548
2/23 +05,974,548
2/24 +05,974,441
2/25 +05,974,441
2/26 +00,000,000
2/27 +00,000,000
3/02 +03,725,850
3/03 +03,725,850
3/04 +03,725,850
3/05 +03,725,850
3/06 +10,514,515 ^
3/09 +10,514,515 ^
3/10 +10,514,515 ^
3/11 +10,514,515 ^
3/12 +10,514,515 ^
3/13 +10,514,515 ^
3/14 +10,514,515 ^
3/16 +10,514,515 ^
3/17 +09,556,812
3/18 +09,556,812
3/19 +09,556,812
3/20 +09,556,812
3/23 +11,520,162 ^
3/24 +15,938,772 ^
3/25 +15,938,772 ^
3/26 +19,340,821 ^
3/27 +27,962,683 ^
3/30 +28,772,788 ^
3/31 +26,448,888
4/01 +26,448,888
4/02 +26,448,888
4/06 +26,448,888
4/07 +25,671,858
Observation: This OBV exercise is showing that MRIB is in a rising field trend. Volume precedes price. On this current pps contraction, we need to not break the previous down movement that occurred on 3/20 of 9,556,812. If we hold that number and instead break the 3/30 cumulative OBV number of 28,772,788, it will once again confirm we are in a rising field trend.
4/07: The pps closed down today therefore causing 777,030 shares being subtracted from the cumulative OBV. A down designation still can not be applied because the cumulative OBV is still higher then it was during the previous pps contraction on 3/20.
Note: An UP designation is used when a previous cumulative OBV high is broken, and a DOWN designation is used when a previous cumulative OBV low is broken. UP/DOWN designations get transferred from the previous day on days there is no price change.
There are three possible field trends based on OBV Data results: Rising, Doubtful, and Falling. It's purpose is to determine if accumulation/distribution is zigzagging up or down. It takes 2 up movements and 2 down movements before a field trend can be determined....
Chewie
Note: My opinions in this posting are just that, "opinions." Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.
On Balance Volume Data "Cumulative based on daily volume" - 2/16 through 4/7:
2/13 - 10,145,058v
2/17 - 08,006,119
2/18 - 08,006,119
2/19 - 08,006,119
2/20 +04,756,548
2/23 +05,974,548
2/24 +05,974,441
2/25 +05,974,441
2/26 +00,000,000
2/27 +00,000,000
3/02 +03,725,850
3/03 +03,725,850
3/04 +03,725,850
3/05 +03,725,850
3/06 +10,514,515 ^
3/09 +10,514,515 ^
3/10 +10,514,515 ^
3/11 +10,514,515 ^
3/12 +10,514,515 ^
3/13 +10,514,515 ^
3/14 +10,514,515 ^
3/16 +10,514,515 ^
3/17 +09,556,812
3/18 +09,556,812
3/19 +09,556,812
3/20 +09,556,812
3/23 +11,520,162 ^
3/24 +15,938,772 ^
3/25 +15,938,772 ^
3/26 +19,340,821 ^
3/27 +27,962,683 ^
3/30 +28,772,788 ^
3/31 +26,448,888
4/01 +26,448,888
4/02 +26,448,888
4/06 +26,448,888
4/07 +25,671,858
Observation: This OBV exercise is showing that MRIB is in a rising field trend. Volume precedes price. On this current pps contraction, we need to not break the previous down movement that occurred on 3/20 of 9,556,812. If we hold that number and instead break the 3/30 cumulative OBV number of 28,772,788, it will once again confirm we are in a rising field trend.
4/07: The pps closed down today therefore causing 777,030 shares being subtracted from the cumulative OBV. A down designation still can not be applied because the cumulative OBV is still higher then it was during the previous pps contraction on 3/20.
Note: An UP designation is used when a previous cumulative OBV high is broken, and a DOWN designation is used when a previous cumulative OBV low is broken. UP/DOWN designations get transferred from the previous day on days there is no price change.
There are three possible field trends based on OBV Data results: Rising, Doubtful, and Falling. It's purpose is to determine if accumulation/distribution is zigzagging up or down. It takes 2 up movements and 2 down movements before a field trend can be determined....
Chewie
Note: My opinions in this posting are just that, "opinions." Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.
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