Posted On: 05/22/2015 4:24:03 PM
Post# of 9964
Re: Chewbacca333 #9274
OBV Update 5/22.... Just for the fun of it, I am 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 5/22:
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
More Detailed OBV Data (best to turn cell phone sideways)
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…..
4/20....0008.......681,036....+29,586,115...............................Rising.....
4/21....0007.......327,300....+29,258,815...............................Rising.....
4/22....0007....1,909,800....+29,258,815...............................Rising.....
4/23....0007....3,936,122....+29,258,815...............................Rising.....
4/24....0006.......326,200....+28,932,615...............................Rising.....
4/27....0006....2,919,300....+28,932,615...............................Rising.....
4/28....0006.......300,000....+28,932,615...............................Rising.....
4/29....0006....1,907,960....+28,932,615...............................Rising.....
4/30....0007....8,721,380....+37,653,995..............^...............Rising.....
5/01....0006....1,024,999....+36,628,996...............................Rising.....
5/04....0007....2,263,999....+38,892,995..............^...............Rising.....
5/05....0004....2,301,000....+36,591,995..............v...............Rising.....
5/06....0006....1,350,000....+37,941,995…………………......Rising.....
5/07....0007.......810,000....+38,751,995……………………..Rising…..
5/08....0007……215,795....+38,751,995……………………..Rising…..
5/11....0007……………0....+38,751,995……………………..Rising…..
5/12....0007....2,810,000....+38,751,995……………………..Rising…..
5/13....0006....1,540,000....+37,211,995……………………..Rising…..
5/14....0006....2,650,000....+37,211,995……………………..Rising…..
5/15....0007.......490,000....+37,701,995……………………..Rising…..
5/18....0006.......835,000....+36,866,995…………v…………Rising…..
5/19....0005....3,717,833....+33,149,162…………v.………..Doubtful...
5/20....0005....2,370,000....+33,149,162…………v………...Doubtful...
5/21....00055..5,006,000....+38,155,162…………^.………..Doubtful...
5/22....0006....3,651,507....+41,806,669…………^…………Rising…..
Quick observation: This OBV exercise is showing that MRIB is once again in a "RISING" field trend. Rising field trends signal a stock is under accumulation. Doubtful field trends signal that a stock has no evidence of direction. And, falling field trends signal a stock is suffering from distribution. According to the principles of this technical indicator, volume precedes price movement. Therefore, barring the activity of financial conversion share obligations, and/or negative news from the company, the stock price of MRIB is more likely to trade higher in the near term. In his book, Joe Granville advised never buy a stock with evidence of OBV distribution. Only buy stocks with evidence of OBV accumulation. Doubtful field trends is a hold, “IF” you already own the stock, until such time a clear direction has been achieved through analysis of OBV Data…
5/22: The pps closed higher for the second straight day today. Therefore, all of today’s volume is added to the cumulative OBV column as a positive. The net result is that an up designation was achieved. This up designation is higher than the previous all-time high set on 5/4 of +38,892,995. According to the principles of Joe Granville’s OBV Data, this is a clear indication that the stock is under accumulation despite the recent pps decline…
Note: An UP designation is used when the previous cumulative OBV "upward move" is broken, and a DOWN designation is used when the previous cumulative OBV "downward move" is broken. UP/DOWN designations get transferred from the previous day on days there is no price change. One or more UP/DOWN designations is called a cluster. Clusters help identify OBV field trends.
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 comments in this posting are just "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 5/22:
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
More Detailed OBV Data (best to turn cell phone sideways)
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…..
4/20....0008.......681,036....+29,586,115...............................Rising.....
4/21....0007.......327,300....+29,258,815...............................Rising.....
4/22....0007....1,909,800....+29,258,815...............................Rising.....
4/23....0007....3,936,122....+29,258,815...............................Rising.....
4/24....0006.......326,200....+28,932,615...............................Rising.....
4/27....0006....2,919,300....+28,932,615...............................Rising.....
4/28....0006.......300,000....+28,932,615...............................Rising.....
4/29....0006....1,907,960....+28,932,615...............................Rising.....
4/30....0007....8,721,380....+37,653,995..............^...............Rising.....
5/01....0006....1,024,999....+36,628,996...............................Rising.....
5/04....0007....2,263,999....+38,892,995..............^...............Rising.....
5/05....0004....2,301,000....+36,591,995..............v...............Rising.....
5/06....0006....1,350,000....+37,941,995…………………......Rising.....
5/07....0007.......810,000....+38,751,995……………………..Rising…..
5/08....0007……215,795....+38,751,995……………………..Rising…..
5/11....0007……………0....+38,751,995……………………..Rising…..
5/12....0007....2,810,000....+38,751,995……………………..Rising…..
5/13....0006....1,540,000....+37,211,995……………………..Rising…..
5/14....0006....2,650,000....+37,211,995……………………..Rising…..
5/15....0007.......490,000....+37,701,995……………………..Rising…..
5/18....0006.......835,000....+36,866,995…………v…………Rising…..
5/19....0005....3,717,833....+33,149,162…………v.………..Doubtful...
5/20....0005....2,370,000....+33,149,162…………v………...Doubtful...
5/21....00055..5,006,000....+38,155,162…………^.………..Doubtful...
5/22....0006....3,651,507....+41,806,669…………^…………Rising…..
Quick observation: This OBV exercise is showing that MRIB is once again in a "RISING" field trend. Rising field trends signal a stock is under accumulation. Doubtful field trends signal that a stock has no evidence of direction. And, falling field trends signal a stock is suffering from distribution. According to the principles of this technical indicator, volume precedes price movement. Therefore, barring the activity of financial conversion share obligations, and/or negative news from the company, the stock price of MRIB is more likely to trade higher in the near term. In his book, Joe Granville advised never buy a stock with evidence of OBV distribution. Only buy stocks with evidence of OBV accumulation. Doubtful field trends is a hold, “IF” you already own the stock, until such time a clear direction has been achieved through analysis of OBV Data…
5/22: The pps closed higher for the second straight day today. Therefore, all of today’s volume is added to the cumulative OBV column as a positive. The net result is that an up designation was achieved. This up designation is higher than the previous all-time high set on 5/4 of +38,892,995. According to the principles of Joe Granville’s OBV Data, this is a clear indication that the stock is under accumulation despite the recent pps decline…
Note: An UP designation is used when the previous cumulative OBV "upward move" is broken, and a DOWN designation is used when the previous cumulative OBV "downward move" is broken. UP/DOWN designations get transferred from the previous day on days there is no price change. One or more UP/DOWN designations is called a cluster. Clusters help identify OBV field trends.
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 comments in this posting are just "opinions." Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.
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