OBV Update 4/30.... Just for the fun of it, I'm ap

OBV Update 4/30.... 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 4/30:

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.....

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 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..."

4/30: The pps closed Higher today. Therefore, all of todays volume is added to the cumulative OBV column as a positive. Even though there was high volume selling today, the shares were absorbed and the bulls won out by pushing the PPS higher by the end of the trading day. The net result is that a new cumulative OBV high was achieved! This confirms that 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. 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.