OBV Update 4/8 & 4/9.... Just for the fun of it I'
Post# of 9964
Posted On: 04/09/2015 6:42:11 PM
Re: Chewbacca333 #8863
OBV Update 4/8 & 4/9.... 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 4/9:
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
Quick observation: This OBV exercise is showing that MRIB is in a rising field trend, and volume is known to precede price movement.
4/08: The pps closed unchanged despite 12,918,587 shares changing hands. The activity is considered a standoff between buyers and sellers. In that most of the intraday trades were at a higher pps, with higher volume, it makes a strong case that the day should be considered that of accumulation. However, I will abide by Joe Granville's rules pertaining to OBV Data and consider the day a standoff. Therefore there is no change to cumulative OBV.
4/09: The pps closed higher on 2,710,660 shares traded. The higher close officially ends the most recent pps contraction and all shares traded today are added to the cumulative OBV as a positive. If tomorrow, or during this pps expansion, the cumulative OBV closes higher then the mark set on 3/30 of 28,772,788, then a rising field trend will be confirmed. An UP designation would then be applied to acknowledge that achievement..
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 4/9:
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
Quick observation: This OBV exercise is showing that MRIB is in a rising field trend, and volume is known to precede price movement.
4/08: The pps closed unchanged despite 12,918,587 shares changing hands. The activity is considered a standoff between buyers and sellers. In that most of the intraday trades were at a higher pps, with higher volume, it makes a strong case that the day should be considered that of accumulation. However, I will abide by Joe Granville's rules pertaining to OBV Data and consider the day a standoff. Therefore there is no change to cumulative OBV.
4/09: The pps closed higher on 2,710,660 shares traded. The higher close officially ends the most recent pps contraction and all shares traded today are added to the cumulative OBV as a positive. If tomorrow, or during this pps expansion, the cumulative OBV closes higher then the mark set on 3/30 of 28,772,788, then a rising field trend will be confirmed. An UP designation would then be applied to acknowledge that achievement..
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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