(NASDAQ:FHB) is a bank holding company headquartered in Honolulu, Hawaii. The repurchase program may be suspended, terminated or modified at any time for any reason.įirst Hawaiian, Inc. The timing and exact amount of share repurchases, if any, will be subject to management’s discretion and various factors, including the Company’s capital position and financial performance, as well as market conditions. Repurchases of shares of the Company’s common stock may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. (NASDAQ:FHB) (“First Hawaiian” or the “Company”) announced today that the Company’s Board of Directors has adopted a stock repurchase program for up to $75 million of its outstanding common stock during 2021.
08, 2021 (GLOBE NEWSWIRE) - First Hawaiian, Inc. The same is true for a support break.HONOLULU, Feb.
A breakout on above-average volume is more robust than one with below-average volume. Basically, volume is above average when PVO(1,250) is positive and below average when negative. As one might expect, PVO(1,250) crosses the zero line more often and is just a little bit quicker. The PVO(5,250) turned positive when the 5-day Volume EMA moved above the 250-day Volume EMA (blue arrows). PVO(5,250,9) would show the PVO with a 9-day EMA for the signal line.įrom the chart above, we can see that the PVO(1,250) turned positive when a volume bar surged above the 250-day EMA (green arrows). The signal line is not shown because there is no parameter entered. The PVO(1,250) is shown in the first indicator window (green) and the PVO(5,250) is shown in the lower indicator window (black). The chart for Merck (MRK) shows volume bars with a 5-day EMA in blue and a 250-day EMA in red. A PVO(5,250) would be positive when the 5-day Volume EMA is above the 250-day EMA. A PVO(1,250) would be positive when the 1-day volume was above the 250-day Volume EMA. Using this for the long EMA in the PVO, we can choose a short EMA to highlight volume surges that are above this average. Therefore, a 250-day EMA would represent average annual volume with a weighting towards the most recent periods. There are around 250 trading days in a year. This meant that the 12-day Volume EMA was some 20% above the 26-day Volume EMA.Ĭhartists can fine-tune the PVO to highlight volume surges for a specific period. Notice how the PVO surged to 20 both times. After a three-month run, the stock broke support with a gap and another surge in the PVO. Expanding volume on an upside breakout is bullish. The stock broke resistance at the beginning of August as the PVO moved into positive territory with a sharp surge. The chart for Archer Daniels Midland (ADM) shows a support and resistance break confirmed by surges in the PVO. Volume confirmed the breakout and VLO continued its advance.
VLO was still stuck in the pennant on the first PVO cross, but broke pennant resistance with the second PVO cross. This meant the 12-day Volume EMA finally crossed above the 26-day EMA and volume was increasing. The PVO then turned up, but did not move into positive territory until late October. Volume declined in August as the PVO moved lower until mid-September.
The chart below shows Volero (VLO) with the PVO(12,26,9) confirming a pennant breakout. Similarly, a resistance break on expanding volume shows more buying interest, increasing the chances of success. A support break on increasing volume has more credibility than a support break on low volume. We have all heard that volume validates a price movement. The Percentage Volume Oscillator (PVO) can be used to confirm a support or resistance break. Note that the PVO is multiplied by 100 to move the decimal point two places. The PVO-Histogram is negative when the PVO is below its signal line. The PVO-Histogram is positive when the PVO is trading above its signal line (9-day EMA). The PVO-Histogram acts just like the MACD and PPO histograms. A PVO that equals -3% would indicate that the 12-day Volume EMA was 3% less than the 26-day Volume EMA. A PVO that equals 5 would indicate that the 12-day Volume EMA was 5% above the 26-day Volume EMA. The positive or negative degree of PVO depends on how far the 12-day Volume EMA is above or below the 26-day Volume EMA. The PVO is negative when the 12-day Volume EMA moves below the 26-day Volume EMA. This means the PVO is positive when the 12-day Volume EMA moves above the 26-day Volume EMA. The default settings for the PVO are (12,26,9), which is the same as MACD or the PPO. ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100
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