Bank Of Queensland (BOQ.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $8.85
Signal Strength: MEDIUM
Bank Of Queensland (ASX:BOQ) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -238. The bearish signal has been active for 8 days. During the quarter, the highest CCI value was 274.
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: Bank Of Queensland (BOQ.AX)
Stock Exchange: ASX
Company: Bank Of Queensland
Ticker Codes: | BOQ.AX | ASX:BOQ |
Bank of Queensland Limited, together with its subsidiaries, provides various financial products and services in Australia. The company operates in two segments, Banking and Insurance. It offers personal banking services, such as everyday banking services; savings and investments accounts, and term deposits; credit cards; home, personal, and car loans; car, home and contents, landlord, travel, life, and commercial insurance, as well as credit protection insurance; investment services comprising online share trading services; self-managed superannuation funds; and currency exchange, travel money, private banking, and account and card switching services. The company's business banking services include transaction accounts, investment accounts, statutory trust accounts, investment trust accounts, business and term loans, cash flow finance, equipment and vehicle finance, inventory finance for dealer, international services, merchant services, property finance, farm management, commercial insurance, self-managed super options, and community banking services, as well as financial market and payment services. It also offers Internet and mobile banking services. As of August 31, 2017, it had 74 corporate branches and 109 owner managed branches; and 628 company branded ATMs and 2,948 other ATMs, as well as 7 transaction centers. Bank of Queensland Limited was founded in 1874 and is based in Newstead, Australia.
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