Gino, great replies from the above & pretty much nailed it. I'll just add what I look for.
The On Balance Volume indicator is similar to the Money Flow & when both are diverging from price action could mean a change in direction.
Price made a new low, but the oscillators didn't so it's time to take notice.
You will note the volumes traded have doubled.
Both of these are just more evidence in the decision-making process.
Go here for a better explanation of the calcs than I can give you.
Money Flow Index - MFI Definition and Uses (investopedia.com)
Good question.
IMO
IMUGENE CHART. TA only, page-32577
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $407.8M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.4¢ | $464.8K | 8.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 5313445 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 676968 | 22 |
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| Last trade - 12.57pm 25/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |