OBV Update 4/15.... Just for the fun of it, I'm ap

OBV Update 4/15.... 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 4/15:

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

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.

4/15: The pps closed unchanged again today. Low volume down days is a good sign during a rising field trend. The activity is considered a standoff between buyers and sellers. Therefore, there is no change to cumulative OBV. The cumulative OBV needs to rise higher then the mark set on 3/30 of 28,772,788 to stay classified as being in a rising field trend. If it does rise above that number, an UP designation would then be applied to acknowledge that achievement. Even though we have not achieved an UP designation since 3/30, we also have not had a DOWN designation. That is why MRIB continues to be classified as being in a rising field trend..

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.