Posted On: 04/17/2015 4:30:02 PM
Post# of 9964
Re: Chewbacca333 #8974
OBV Update 4/17.... 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" - 2/13 through 4/17:
Cumulative OBV
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
4/08 +25,671,858
4/09 +28,382,518
4/10 +26,820,415
4/13 +27,683,597
4/14 +27,683,597
4/15 +27,683,597
Detailed OBV Data
Date…Price….Volume…..…Cum. OBV…Designation.....Field Trend
4/16….0008....1,032,910…+27,683,597.………..........…..…...........….
4/17….0009....2,583,554…+30,267,151...……^..………......Rising…..
Quick observation: This OBV exercise is showing that MRIB is currently in a rising field trend. Rising field trends signal that a stock is under accumulation. According to the principles of this technical indicator, volume precedes price movement. Therefore, in this case, the pps of MRIB will most likely be moving higher.
4/17: The pps closed higher today. Therefore, all of todays volume is added to the cumulative OBV column. The result is a new OBV high, thereby breaking the previous high set on 3/30/15. An UP designation has been applied to acknowledge this achievement. This activity confirms MRIB is in a rising field trend, thereby under accumulation. This is very bullish for shareholders. Barring unknown financial conversion share obligations, and/or negative news from the company, the stock price of MRIB is more likely to rise in the near term.
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" - 2/13 through 4/17:
Cumulative OBV
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
4/08 +25,671,858
4/09 +28,382,518
4/10 +26,820,415
4/13 +27,683,597
4/14 +27,683,597
4/15 +27,683,597
Detailed OBV Data
Date…Price….Volume…..…Cum. OBV…Designation.....Field Trend
4/16….0008....1,032,910…+27,683,597.………..........…..…...........….
4/17….0009....2,583,554…+30,267,151...……^..………......Rising…..
Quick observation: This OBV exercise is showing that MRIB is currently in a rising field trend. Rising field trends signal that a stock is under accumulation. According to the principles of this technical indicator, volume precedes price movement. Therefore, in this case, the pps of MRIB will most likely be moving higher.
4/17: The pps closed higher today. Therefore, all of todays volume is added to the cumulative OBV column. The result is a new OBV high, thereby breaking the previous high set on 3/30/15. An UP designation has been applied to acknowledge this achievement. This activity confirms MRIB is in a rising field trend, thereby under accumulation. This is very bullish for shareholders. Barring unknown financial conversion share obligations, and/or negative news from the company, the stock price of MRIB is more likely to rise in the near term.
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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