CBA 0.47% $78.99 commonwealth bank of australia.

declining volume vs rising price

  1. 17 Posts.
    I'm new to trading and have been trying to learn as much as possible but what I read doesn't seem to match up to what I see happening so I'd like to ask a question:

    The volume for CBA has been decreasing over the last week while the share price goes up. As I understand it this is evidence of a weak trend but there doesn't seem to be any drawback in the shares themselves. This is something I've seen over a few other shares I'm watching (like BHP) so I was just wondering wether I was missing another indicator that made falling volume redundant.

    Cheers for any help.
watchlist Created with Sketch. Add CBA (ASX) to my watchlist
(20min delay)
Mkt cap ! $139.8B
Open High Low Value Volume
$79.06 $79.10 $78.71 $183.4M 2.321M

Buyers (Bids)

No. Vol. Price($)
1 7412 $78.86

Sellers (Offers)

Price($) Vol. No.
$78.99 8748 2
View Market Depth
Last trade - 16.10pm 06/12/2019 (20 minute delay) ?
0.370 ( 0.49 %)
Open High Low Volume
$79.01 $79.08 $78.71 365921
Last updated 15.59pm 06/12/2019 (live) ?
CBA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.