COMMOIDITY CHANNEL INDEX
Trading: SELL @ $13.38
Signal Strength: MEDIUM
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
Ticker Codes: | AMC.AX | 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.
Commodity Channel IndexDownload
|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|
|BRN Brainchip Holdings||0.14||8||628,933||-147||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|