Blackmores Laboratories

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Commodity Channel Index

Score

0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 15.2 0.56% 1.27% 6.0% -5.1% 27.4%
SHORT 25 15.7 0.44% 0.79% 9.9% -3.8% 55.6%

Summary

Technical Analysis

Blackmores Laboratories (BKL.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $67.44
Signal Strength: MEDIUM
Recommendation:

Blackmores Laboratories (ASX:BKL) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -110. The bearish signal has been active for 34 days. During the quarter, the highest CCI value was 186.


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: Blackmores Laboratories (BKL.AX)


Stock Exchange: ASX
Company: Blackmores Laboratories
Ticker Codes: | BKL.AX | ASX:BKL |

About Blackmores Laboratories (ASX:BKL):

Blackmores Limited develops, sells, and markets natural health products for humans and animals in Australia, New Zealand, and Asia. It offers vitamins, minerals, herbal products, and nutritional supplements. The company also provides products for various conditions related to arthritis, joints, bones, and muscles; brain health; cold, flu, and immunity; digestive health; energy and exercise; kids health; everyday health; pets health; and eye health. In addition, the company provides products in the areas of heart and circulation; men's health; nails, hair, and skin; pregnancy and preconception; stress relief; weight management; and women's health, as well as probiotics, infant nutrition products, and fish and nutritional oils. Further, it offers naturopathic advisory services. The company offers its products through pharmacies, mass merchandisers, groceries, health food stores, and practitioners, as well as through online channel. Blackmores Limited was founded in 1930 and is headquartered in Warriewood, Australia.

Top 10:

Commodity Channel Index

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