CBA 0.28% $120.34 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)
Last
$120.34
Change
0.340(0.28%)
Mkt cap ! $201.5B
Open High Low Value Volume
$120.56 $120.56 $119.40 $314.0M 2.613M

Buyers (Bids)

No. Vol. Price($)
1 500 $120.06
 

Sellers (Offers)

Price($) Vol. No.
$120.35 5000 1
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$120.20
  Change
0.340 ( 0.25 %)
Open High Low Volume
$120.56 $120.56 $119.40 338979
Last updated 15.59pm 28/03/2024 ?
CBA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.