Bendigo Bank

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

1.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 23 20.3 0.65% 1.88% 3.8% -3.1% 32.1%
SHORT 23 12.9 0.48% 0.92% 5.1% -2.2% 28.8%

Summary

Technical Analysis

Bendigo Bank (BEN.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $11.49
Signal Strength: MEDIUM
Recommendation:

Bendigo Bank (ASX:BEN) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 58. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was 36.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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: Bendigo Bank (BEN.AX)


Stock Exchange: ASX
Company: Bendigo Bank
Ticker Codes: | BEN.AX | ASX:BEN |

About Bendigo Bank (ASX:BEN):

Bendigo and Adelaide Bank Limited provides banking and financial services in Australia. It operates through Local Cconnection, Partner Connection, and Agribusiness segments. The company offers transaction, savings, offset, and credit accounts; term deposits; secured and unsecured personal loans, and home loans; home and content, car, travel, landlords, health, life, and loan protection insurance products; travel and payment services comprising telegraphic transfers, bank drafts, foreign cheques and cash, and prepaid travel cards; superannuation services; and online banking, e-statement, real time payment, branch banking, ATM, and phone and school banking services. It also provides equipment loan, finance leasing, asset purchase, and novated leasing services; small business lending, commercial lending, debtor finance, retirement living and aged care, trade finance, and interest rate risk products; bulk payment and super fund services; business overdraft facilities; business debit and credit cards; and commercial insurance solutions for business, farm, and trade activities, as well as online business insurance for trade, retail, hospitality, and professionals. In addition, the company offers spot foreign exchange (FX) and FX contract services, and foreign currency accounts and options; trade advances, import and export letters of credit, documentary collections, and performance bonds; rural and not-for-profit banking services; and money market deposits. Further, it provides financial planning services; wealth solutions, including share trading, managed funds, margin lending, and funeral bonds; and private and community banking, and telecommunication services. The company operates 182 Bendigo Bank, 316 Community Bank, 21 Alliance Bank, 15 Delphi Bank, and 9 Rural Finance/Rural Bank branches; 114 customer service agencies; and 1000 ATMs. Bendigo and Adelaide Bank Limited was founded in 1858 and is headquartered in Bendigo, Australia.

Top 10:

Commodity Channel Index

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