Trading indicator
Commodity Channel IndexTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Commodity Channel Index
Score
2.05
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| SHORT | 53 | 6.9 | 0.74% | 2.05% | 2.4% | -1.7% | 61.0% |
| LONG | 54 | 8.6 | 0.65% | 1.52% | 2.4% | -2.4% | 27.5% |
Summary
Technical Analysis
Av Jennings Homes (AVJ.AX)
Indicator:
COMMOIDITY CHANNEL INDEX
Last Signal:
BEARISH
Trading: SELL @ $0.54
Signal Strength: MEDIUM
Recommendation:
Av Jennings Homes (ASX:AVJ) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -145. The bearish signal has been active for 11 days. During the quarter, the highest CCI value was 207.
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: Av Jennings Homes (AVJ.AX)
Stock Exchange: ASX
Company: Av Jennings Homes
Ticker Codes: | AVJ.AX | ASX:AVJ |
AVJennings Limited engages in the development of residential properties in Australia. It is involved in land and apartment development, and integrated housing activities. The company was founded in 1932 and is based in Hawthorn, Australia. AVJennings Limited is a subsidiary of SC Global Developments Pte Ltd.
Top 10:
Commodity Channel Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BKL Blackmores Laboratories | 84 | 9.4 | 281,080 | 52 | BULLISH |
| KAR Karoon Gas Australia | 1.31 | 9.2 | 2,408,304 | 47 | BULLISH |
| BFC Beston Global Food | 0.12 | 9.1 | 493,169 | -159 | BULLISH |
| EVO Evolve Education | 0.1 | 7.8 | 395,576 | -108 | BULLISH |
| WOR Worleyparsons | 13.91 | 6.8 | 4,057,886 | 24 | BULLISH |
| BPT Beach Petroleum | 2.66 | 6 | 15,093,335 | 87 | BULLISH |
| MDC Mcconnell Dowell Corporation | 0.5 | 5.3 | 138,601 | -167 | BULLISH |
| SMX Sms Management & Technology | 0.42 | 5 | 26,016 | -122 | BULLISH |
| WPL Woodside Petroleum | 32.7 | 4.3 | 10,388,849 | 67 | BULLISH |
| RSG Resolute Mining | 1.53 | 4.1 | 16,297,749 | 72 | BULLISH |