COMMODITY CHANNEL INDEX
Trading: HOLD @ $10.51
Signal Strength: MEDIUM
Brambles (ASX:BXB) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 148. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -54.
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: Brambles (BXB.AX)
Stock Exchange: ASX
Ticker Codes: | BXB.AX | ASX:BXB |
Brambles Limited provides supply-chain logistics solutions based on the provision of reusable pallets, crates, and containers for shared use by various participants in the supply chain. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; CHEP Australia, New Zealand and Asia, excluding India; and IFCO segments. It offers pallet and container pooling, and reusable plastic crates pooling services. The company is also involved in the specialist container logistics business for the automotive sector. As of February 15, 2018, it owned approximately 590 million pallets, crates, and containers through a network of approximately 850 service centers. The company provides its services under the CHEP and IFCO brands to the customers in the fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing industries in the Americas, Europe, Australia, and internationally. Brambles Limited was founded in 1875 and is headquartered in Sydney, Australia.
Commodity Channel IndexDownload
|AJX Alexium International||0.13||13.6||1,148,359||194||BULLISH|
|MCY Mighty River Power||3.5||11.1||2,786||183||BULLISH|
|KDR Kidman Resources||1.14||6||2,230,653||82||BULLISH|
|JHC Japara Healthcare||1.17||5.4||417,552||25||BULLISH|
|PNR Pacific Niugini Minerals||0.24||4.3||507,390||72||BULLISH|
|GZL Gazal Corporation||3.4||3.3||14,571||66||BULLISH|
|GCY Gascoyne Resources||0.16||3.2||2,295,077||130||BULLISH|