Austal (ASB)

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Austal (ASB): Signals

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TECHNICAL ANALYSIS SUMMARY

Austal (ASB.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $2.26
Signal Strength: MEDIUM
Recommendation:

Austal (ASX:ASB) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -67. The bearish signal has been active for 20 days. During the quarter, the highest CCI value was 281.


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: Austal (ASB.AX)


Stock Exchange: ASX
Company: Austal
Ticker Codes: | ASB.AX | ASX:ASB |

About Austal (ASX:ASB):

Austal Limited designs, manufactures, constructs, and supports defense and commercial vessels in Australia, the United States, and the Philippines. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies. It also develops and integrates advanced vessel control and information management systems, such as control and monitoring, and motion control systems. In addition, the company provides life capability management and vessel support services, including crew training and instruction, vessel servicing, repair and maintenance, integrated logistics support, vessel sustainment, and information management systems support to naval, government, and commercial operators; and comprehensive refit services and management of annual dockings. Austal Limited was founded in 1988 and is headquartered in Henderson, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
ONE Oneview Healthcare 0.4 8.1 24,577 -71 BEARISH
SAS Sky And Space Global 0.03 7.4 1,536,383 -78 BEARISH
TRS Reject Shop 2.64 7.3 58,405 -137 BEARISH
MLX Metals X 0.23 7.1 6,862,209 -114 BEARISH
EMH European Metals Holdings 0.3 7.1 10,000 -177 BEARISH
PGH Pact 2.72 6.3 2,710,679 -165 BEARISH
SYR Syrah Resources 1.05 6.1 5,208,632 -88 BEARISH
ELD ELD 5.79 4.1 546,760 -139 BEARISH
GTN GTN Resources 1.28 4.1 1,557 -64 BEARISH
ALQ ALS 7.94 3.5 3,249,445 -23 BEARISH
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