Amcor (AMC)

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Amcor (AMC): Signals

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TECHNICAL ANALYSIS SUMMARY

Amcor (AMC.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $13.38
Signal Strength: MEDIUM
Recommendation:

Amcor (ASX:AMC) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -41. The bearish signal has been active for 52 days. During the quarter, the highest CCI value was -41.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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: Amcor (AMC.AX)


Stock Exchange: ASX
Company: Amcor
Ticker Codes: | AMC.AX | ASX:AMC |

About Amcor (ASX:AMC):

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
BAL Bellamys Australia 9.18 12.5 2,509,847 -163 BEARISH
AYS Amaysim Australia 1.06 9.3 280,426 -134 BEARISH
BKL Blackmores Laboratories 127.63 8.8 119,034 -184 BEARISH
CSV CSG 0.2 8.1 321,533 -187 BEARISH
BRN Brainchip Holdings 0.14 8 628,933 -147 BEARISH
PNV Polynovo 0.6 7.2 702,280 -69 BEARISH
MLX Metals X 0.47 6.9 1,037,213 121 BEARISH
MOC Mortgage Choice 1.29 6.6 79,382 -39 BEARISH
KDR Kidman Resources 1 6.4 4,933,166 192 BEARISH
BGA Bega Cheese 6.51 5.7 1,484,538 -102 BEARISH
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