|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Beach Petroleum (BPT.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $2.35
Signal Strength: MEDIUM
Beach Petroleum (ASX:BPT) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -102. The bearish signal has been active for 18 days. During the quarter, the highest CCI value was -45.
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: Beach Petroleum (BPT.AX)
Stock Exchange: ASX
Company: Beach Petroleum
Ticker Codes: | BPT.AX | ASX:BPT |
Beach Energy Limited explores, develops, produces, and sells oil, gas, and gas liquids. It holds interests in exploration and production tenements in Australia, New Zealand, and Tanzania. The company was formerly known as Beach Petroleum Limited and changed its name to Beach Energy Limited in December 2009. Beach Energy Limited was founded in 1961 and is based in Glenside, Australia.
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