COMMOIDITY CHANNEL INDEX
Trading: SELL @ $0.07
Signal Strength: MEDIUM
Broo (ASX:BEE) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -165. The bearish signal has been active for 48 days. During the quarter, the highest CCI value was 5.
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: Broo (BEE.AX)
Stock Exchange: ASX
Ticker Codes: | BEE.AX | ASX:BEE |
Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.
Commodity Channel IndexDownload
|AXP Airxpanders Inc||0.04||20||3,531,549||-93||BEARISH|
|FIG Freedom Insurance||0.06||9.3||846,374||-66||BEARISH|
|MOY Millennium Minerals||0.2||8.1||273,345||-78||BEARISH|
|GTN GTN Resources||2.04||4.6||34,507||-128||BEARISH|
|SHJ Shine Corporate||0.8||4.6||43,921||-36||BEARISH|
|RAP Resapp Health||0.12||4.5||1,368,870||-48||BEARISH|