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

Score

-0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 59 7.1 0.49% 0.88% 1.2% -1.3% -9.4%
SHORT 58 7.3 0.47% 0.87% 1.5% -1.4% -3.7%

Summary

Technical Analysis

Amcor (AMC.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $15.51
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 -152. The bearish signal has been active for 19 days. During the quarter, the highest CCI value was 289.


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

Download
Company Close Change(%) Volume Value Signal
PNR Pacific Niugini Minerals 0.2 21.2 8,666,174 -30 BEARISH
RMS Ramelius Resources 0.77 15.9 8,313,251 -149 BEARISH
MOY Millennium Minerals 0.07 15.8 5,801,793 -61 BEARISH
DCN Dacian Gold 0.59 8.3 6,477,380 -49 BEARISH
GTN GTN Resources 1.06 8.2 143,270 -67 BEARISH
URF Us Masters Residential Property Fund 0.83 5.7 189,975 -104 BEARISH
KGN Kogan 5.21 5.5 899,578 -64 BEARISH
MOC Mortgage Choice 1.13 5.1 144,151 -44 BEARISH
ONE Oneview Healthcare 0.21 5.1 191,184 -83 BEARISH
SDA Speedcast International 3.63 4.9 1,766,294 -38 BEARISH