OBV Update 4/21.... Just for the fun of it, I'm ap

OBV Update 4/21.... 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 4/21:

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.....
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, barring the activity and effect of 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. In his book, Joe Granville advised; "never buy a stock with evidence of OBV distribution." "Only buy stocks with evidence of OBV accumulation..."

4/21: 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. On the fundamental side, the release of 12/31 financials had no effect on the stock price. As expected, shares were issues to satisfy debt obligations. Weak revenues were probably the reason certain staff was let go as a chosen means of cutting operating expenses. The South American distribution agreement reached in January of 2015 should help the company produce greater revenues in the future. This in turn will help the company be less dependent on capital infusions, with unfavorable terms, as a means to keep the company a going concern.

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.