OBV Update 4/20.... Just for the fun of it, I'm applying

New Post Public Reply Private Reply Replies (1) Message Board
Chewbacca333 Chewbacca333 #8994
OBV Update 4/20.... 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 4/20:

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.....

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. Whereas, falling field trends signal a stock is suffering from distribution. 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. In his book, Joe Granville advised; "never buy a stock with evidence of OBV distribution." "Only buy stocks with evidence of OBV accumulation..."

4/20: The pps closed lower today. Therefore, all of todays volume is subtracted from the cumulative OBV column as a negative. However, low volume on a down day is a good sign during a rising field trend. MRIB will continue to be classified as being in a rising field trend until proven otherwise.

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. 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 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.


Marani Brands Inc (MRIB) Stock Research Links

MRIB Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

CUBEX Lights Up Veterinary Care with Mini Essential

Updated Category News Views 3

Inventory Woes? Meet Mini Essential If you’ve ever worked in or around veterinary hospitals, you know the old-school headaches of managing controlled substances. Picture this: piles of paper logs, end-of-shift recounting, and inevitable discrepancies that rear their ugly heads long after closing time. Enter CUBEX, shaking things up with their latest launch, Mini...

Continue Reading
Maurices Strengthens Position with Key Refinancing Deal

Updated Category News Views 1

Maurices' Bold Financial Maneuver When a retailer like Maurices, with its near-century-long history, decides to play in the financial arena, it sure makes my ears perk up. This Duluth-based women's fashion retailer isn't just dipping its toes in—it's executing a full-blown refinancing blitzkrieg and coming out stronger. Announcing the completion of its refinancing plan...

Continue Reading
Hair Syrup's Big U.S. Leap: Target Welcomes Viral Brand

Updated Category News Views 0

From Kitchen Experiment to U.S. Debut Here's a story that barely fits the tight mold of your typical business textbook. Hair Syrup, born from the brain of a university student tinkering at her kitchen table, is about to make waves across the pond. Lucie Macleod did what many dream of—she took a DIY hair oil project and spun it into a multimillion-dollar brand, now set...

Continue Reading
Push Notification Security Transforms Healthcare IT Support

Updated Category News Views 1

Cutting the Fat on IT Help Desk Bottlenecks Healthcare IT teams are fighting an uphill battle with password resets, a mundane task consuming up to half of all help desk calls. It's like trying to stop a leaking dam with duct tape. For health systems, these calls aren't just a minor annoyance—they're a full-fledged budget hog. Try telling a CIO that an agent-friendly...

Continue Reading
RevSystems Joins Elite OpenAI Partner Network

Updated Category News Views 0

RevSystems Inks Deal with OpenAI Partner Network In the latest shuffle of the AI advisory deck, RevSystems just found itself elbowing into the exclusive OpenAI Partner Network. Based out of New York, RevSystems has carved a niche by spinning tech wizardry into tangible business results. Their new status as an OpenAI Select Partner puts them on a playing field where AI...

Continue Reading
Wave Kids™ Unveils New Flavors for Kids' Drinks

Updated Category News Views 1

Sparking a Fresh Wave in the Kids' Beverage Market Alright, let me tell you about a new player plowing into the kids' drink scene. Wave Kids™, a brand that's making waves—pun intended—has a fresh lineup that screams 'fun' and 'healthy' in equal measure. Just coinciding with back-to-school season, this Scottsdale, Arizona outfit has rolled out not one or two, but...

Continue Reading
Sandbox VR Expands to Melbourne, Betting on Immersive Fun

Updated Category News Views 0

Sandbox VR Ventures into Melbourne's Heart Every now and then, a venture takes its ambitions and rolls the dice on a prime location. Sandbox VR is swaggering into Melbourne's bustling Central Business District, fresh out of its success on the Gold Coast. Opening this Melbourne venue on September 14 marks a significant leap in the company's Aussie expansion—a bold nod to...

Continue Reading
Woodpack Global Unveils Crate Design System: A New Era Begins

Updated Category News Views 0

Innovating the Wooden Crate Landscape An old industry got a much-needed facelift today, folks. Woodpack Global has rolled out Crate Design System™ (CDS)—a snazzy new tool that's shaking up the wooden crate design landscape. It blows the dust off outdated design methods that have been collecting cobwebs since the '60s. That's right, we’re talking about a significant...

Continue Reading
Global Communication Works Opens SignlLabs™ AI Licensing

Updated Category News Views 28

AI Signaling Moves Beyond GCW's Own Clients Remember when we first looked at GCW's SignlLabs and the idea of helping brands show up inside ChatGPT, Gemini, Claude, Copilot and Perplexity? Well, Global Communication Works is taking the next step. Instead of keeping its AI Signaling playbook inside the agency walls, GCW is now opening SignlLabs up for licensing

Continue Reading
Give Lively & Change Simplify CA Nonprofit Compliance

Updated Category News Views 0

A Fresh Wind Blowing for California Nonprofits So, here's a twist in the nonprofit world that's stirring the pot just right. Give Lively and Change have partnered up to tackle the thorny issue of regulatory compliance in California. It's a big win for the nonprofits looking to keep fundraising through Give Lively without getting tangled in the bureaucratic web spun up by...

Continue Reading

Top 5 Most Recently Viewed Articles

Projected Growth of Glass Curtain Wall Market to $100.81 Billion

Updated Category News Views 123

Glass Curtain Wall Market Growth and Dynamics The Glass Curtain Wall Market has shown remarkable growth, with estimates suggesting it was valued at USD 58.60 billion recently and is anticipated to soar to USD 100.81 billion within the next few years. This significant increase at a CAGR of 7.02% from one year to another reflects a growing trend towards energy-efficient...

Continue Reading
Lipella Pharmaceuticals Strives to Overcome Nasdaq Challenges

Updated Category News Views 178

Lipella Pharmaceuticals Faces Nasdaq Compliance Challenges Lipella Pharmaceuticals Inc. (NASDAQ:LIPO), a biopharmaceutical company focused on advancing innovative treatments, is navigating potential delisting from the Nasdaq Capital Market due to issues related to its stockholders' equity. This concern was highlighted in a recent filing with the U.S. Securities and...

Continue Reading
Markel Strengthens War and Terrorism Division with Key Hires

Updated Category News Views 234

Markel's Commitment to Enhanced Coverage in War and Terrorism Markel Insurance, a part of Markel Group Inc. (NYSE: MKL), has recently enhanced its offerings in the International War and Terrorism segment through key appointments designed to foster profitable growth. The company is committed to providing industry-leading solutions to meet the evolving challenges within...

Continue Reading
Discovering Insider Activity around Coinbase Global Options

Updated Category News Views 168

Understanding Whale Activity in Coinbase Global Options When looking at the investment landscape, it's fascinating to see how high-profile investors engage with stocks, particularly in the tech sector. Recently, a noticeable wave of optimism has emerged surrounding Coinbase Global (COIN), a leading name in the cryptocurrency space. Many investors are watching intently,...

Continue Reading
Explore the Class Action Lawsuit Against Arconic Corporation

Updated Category News Views 154

Understanding the Class Action Lawsuit Against Arconic Corporation Investors are currently given the opportunity to participate in a significant class action lawsuit against Arconic Corporation, a company recognized for its expertise in manufacturing lightweight metals. This lawsuit arises from alleged violations of securities laws, specifically concerning misleading...

Continue Reading