Adelaide Brighton

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Commodity Channel Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 47 8.0 0.53% 1.04% 1.6% -2.4% -17.0%
SHORT 46 9.4 0.59% 1.13% 2.0% -1.7% 14.4%


Technical Analysis

Adelaide Brighton (ABC.AX)



Last Signal:


Trading: SELL @ $4.01
Signal Strength: STRONG

Adelaide Brighton (ASX:ABC) current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is -24. During the quarter, the highest CCI value was 126. The last overbought signal occurred on May 6 2019

A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.

The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;

PROFILE: Adelaide Brighton (ABC.AX)

Stock Exchange: ASX
Company: Adelaide Brighton
Ticker Codes: | ABC.AX | ASX:ABC |

About Adelaide Brighton (ASX:ABC):

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The company operates in two segments Cement, Lime, Concrete and Aggregates; and Concrete Products. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers. The company offers its products to residential and non-residential construction, engineering construction, alumina production, and mining markets. Adelaide Brighton Limited was founded in 1882 and is headquartered in Adelaide, Australia.

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Commodity Channel Index

Company Close Change(%) Volume Value Signal
BLX Beacon Lighting 1.22 1.3 75,549 -18 BEARISH CROSSOVER
FWD Fleetwood 1.84 0.8 212,939 -4 BEARISH CROSSOVER
GDF Garda Diversified Property Fund 1.42 0.4 130,392 -21 BEARISH CROSSOVER
CLH Collection House 1.26 0 377,669 -32 BEARISH CROSSOVER
SLK Sealink Travel 3.67 -0.3 193,508 -11 BEARISH CROSSOVER
KDR Kidman Resources 1.88 -0.3 3,745,533 -43 BEARISH CROSSOVER
HSN Hansen Technologies 3.81 -0.5 137,061 -52 BEARISH CROSSOVER
SUL Super Cheap Auto 9.1 -0.8 813,188 -35 BEARISH CROSSOVER
NEC Nine Entertainment 1.98 -1 5,167,593 -21 BEARISH CROSSOVER
SCP Shopping Centres Australasia Property 2.58 -1.1 1,645,038 -5 BEARISH CROSSOVER