COMMODITY CHANNEL INDEX
Trading: HOLD @ $14.85
Signal Strength: MEDIUM
Amcor (ASX:AMC) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 99. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -79.
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: 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
|CTD Corporate Travel Management||28.81||14.7||1,727,133||385||BULLISH|
|EMH European Metals Holdings||0.4||14.3||44,010||248||BULLISH|
|SVW Seven Holdings||19.02||12.2||2,028,025||224||BULLISH|
|AGG Anglogold Ashanti||4.16||8.3||21,558||249||BULLISH|
|SXY Senex Energy||0.38||7.1||10,983,458||197||BULLISH|
|BFC Beston Global Food||0.16||6.9||222,535||263||BULLISH|
|GOR Gold Road Resources||0.85||6.3||2,511,753||163||BULLISH|