Trading: HOLD @ $14.85
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Amcor (ASX:AMC) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
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.
|CEN Central Australian Phosphate||6.18||3.7||2,959||41.67||BULLISH CROSSOVER|
|ASG Autosports||1.03||3||1,250||34||BULLISH CROSSOVER|
|SWM Seven West Media||0.54||2.9||6,398,075||4.21||BULLISH CROSSOVER|
|DWS DWS||1.2||2.6||35,705||0.85||BULLISH CROSSOVER|
|BHP Bhp Billiton||37.94||2.5||11,230,376||14.74||BULLISH CROSSOVER|
|APE Ap Eagers Holdings||6.96||2.4||24,817||33.33||BULLISH CROSSOVER|
|WOR Worleyparsons||15.46||2.2||2,150,156||16.67||BULLISH CROSSOVER|
|HUO Huon Aquaculture||5.08||2||42,658||28.62||BULLISH CROSSOVER|
|INA Ingenia Communities||3.2||1.6||876,925||26.32||BULLISH CROSSOVER|
|ONT 1300 Smiles||6.3||1.6||2,000||12.64||BULLISH CROSSOVER|