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OBV Indicator for [SPX] S&P 500 Index

Data updated 2024-Nov-22 (Friday)
  Analyze current daily levels of On Balance Volume indicator for S&P 500 Index . Technicals are widely used by investors to gauge performance, momentum etc. See Guide for further details . To compare technicals across stocks/etfs/crypto visit technical summary . Also, view daily frequency distribution of bullish/bearish technical signals (e.g. RSI, MACD etc.) with technical sentiment report to gauge changes in aggregate across the market or a particular sector

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Recent Technical Indicator history for S&P 500 Index use daily On Balance Volume (OBV) values as of Last Close (2024-Nov-22). See additional information below on calculation, interpretation etc.

On Balance Volume



Calculation Methodology:
Standard calculations as detailed in any of the reference links

FYI, calculation differs from OBV because OBV looks at the days close compared to prior close whereas AD looks at the close with respect to the daily high-low range
Detailed calculation steps are provided in the Reference links. Values are adjusted for splits (if applicable)
How to use this indicator:
OBV indicator measures buying and selling pressure by calculating cumulative volume which is increased by volume on up days and decreased by volume on down days. OBV is a leading indicator and often moves before price.The slope of the OBV line in contrast to the price movement is a relevant factor of any analysis.
  • Rising OBV moving in a coordinated manner (higher peaks and troughs) with rising price indicates likelihood of continuation of uptrend. If price rise and OBV arent moving up in a coordinated manner signals possible breakdown of the uptrend in the future(Negative divergence). Alternatively, if the price is in a trading range, a rising OBV signals possible upward breakout
  • Falling OBV in lockstep with lower prices indicates negative volume pressure continuing downtrend. A break in the lockstep movement (Positive Divergence) indicates possibility of stalling of the downtrend or reversal. A Falling OBV while in a trading range can be an indication of a downward breakout
    • Volume spikes can throw off the signaling effect for a period of time
    Interpretation above is not comprehensive but rather just a starting point of understanding. Experienced market professionals typically use a combination of different datapoints to drive decisions. Use additional links in the References section for more details
    What about other technicals?

    There are many technicals and many different settings for even the above indicators like different moving average periods selected for example. We however show only popular technical indicators with the most common configuration because they have historically gained acceptance as being the most useful. Mastering interpretation of these indicators will serve most investors well without adding clutter or noise from a large selection of less common indicators/settings. Email us if you strongly feel that there are other indicators worth adding

     Stock/Index/ETF:    vs.    vs.     vs.     vs.    
    Compare Technicals for S&P 500 Index with other stocks/etfs/crypto in a side-by-side presentation using this widget
    Frequency distribution of daily OBV values from 2022-Nov-22. Latest OBV value is 1.24 Trillion as of 2024-Nov-22


    SPX : Key Technicals 2024-Nov-22 Friday
    AD 1.99 Trillion ADX 17.9
    ATR 57.88 CCI 64.5
    MACD -2.21 OBV 1.24 Trillion
    OSC 76.1 71.5 RSI 61
    Technicals calculated using daily values. Hover on cells for color coding info

    Anomalies  AI

    Anomaly Detection for S&P 500 Index looks at key performance metrics relative to it's history (upto 10 years) for S&P 500 Index to identify unusual levels for 2024-Nov-22:

  • 100-day Relative Volume at 1.2x is extremely elevated. Subsequent performance over next 50 days in such cases averages +2.4% and is up 79% of the time
  • Avg. 10-d Up performance at +0.2% is extremely low. Subsequent performance over next 20 days in such cases averages +0.9% and is up 67% of the time. Subsequent performance over next 200 days in such cases averages +9.8% and is up 92% of the time
  • 5-day Relative Volume at 0.9x is extremely depressed. Subsequent performance over next 20 days in such cases averages +1.3% and is up 71% of the time. Subsequent performance over next 200 days in such cases averages +10.4% and is up 84% of the time
  • 5-d Consistency at 100% is extraordinarily high. Subsequent performance over next 10 days in such cases averages +0.4% and is up 68% of the time. Subsequent performance over next 200 days in such cases averages +8.6% and is up 82% of the time
  • Streak (days) at 5 up days is extremely high. Subsequent performance over next 10 days in such cases averages +0.4% and is up 66% of the time. Subsequent performance over next 200 days in such cases averages +8.7% and is up 81% of the time
    • ...
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    Anomaly Detection for S&P 500 Index looks at key technical metrics relative to it's history (upto 10 years) for S&P 500 Index to identify unusual levels for 2024-Nov-22:

  • OBV at 1 Trillion is extraordinarily elevated. Subsequent performance over next 50 days in such cases averages +1.0% and is up 68% of the time
  • Chaikin A/D at 2 Trillion is extremely elevated. Subsequent performance over next 50 days in such cases averages +2.2% and is up 72% of the time
    • ...
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     Anomaly Details
    Anomaly Detection uses Artificial Intelligence to find abnormal levels/metrics. Subsequent performance is aggregated for similar previous occurences in history and is called out if meaningful


    Related to S&P 500 Index

    Information for S&P 500 Index
      : Recent daily/monthly performance & benchmark comparison
      : Historical performance & related information using Time Machine
      : Investigate unusual recent performance & technicals with historical context using AI
      : Seasonal performance by calendar months
      : Popular Technical indicator trends (RSI, MACD etc.) Currently Viewing
      : Contextualizing recent performance & technical levels into historical decile buckets
      : Dollar Cost Average (DCA) over time in your portfolio
      : Key Simple & Exponential Moving Averages
      : Insights from closest historical matches to recent performance using Artificial Intelligence
      : Insights from similar historical charts to recent chart using Artificial Intelligence
      News Stories : News stories on 2024-Nov-22 on Google

    Compare S&P 500 Index with other assets
      : Recent performance across covered assets
      : Prior & Subsequent performance across assets on a historical date
      : Technical indicator levels across covered assets
      : Seasonal performance by calendar months across covered assets
      : Performance Correlations with other assets
      : Volatility relative to the broad market
      : Visually compare/benchmark performance with other assets over time
      : Contrast with other assets over time in a side-by-side presentation
    Analyze S&P 500 Index in multiple dimensions using above resources. Other comparable assets include other stocks/etfs/crypto etc.










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