Adelaide Brighton

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Commodity Channel Index

Score

-0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 49 8.3 0.51% 1.00% 2.0% -3.4% -36.2%
SHORT 49 8.8 0.53% 1.00% 2.7% -1.9% 19.1%

Summary

Technical Analysis

Adelaide Brighton (ABC.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $3.13
Signal Strength: MEDIUM
Recommendation:

Adelaide Brighton (ASX:ABC) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 42. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -370.


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

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