Brambles (BXB)

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Brambles (BXB): Signals

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TECHNICAL ANALYSIS SUMMARY

Brambles (BXB.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $11.91
Signal Strength: MEDIUM
Recommendation:

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 55. 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
Company: Brambles
Ticker Codes: | BXB.AX | ASX:BXB |

About Brambles (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.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
MYR Myer 0.63 5.9 6,603,832 135 BULLISH
MEZ Meridian Energy 4.11 5.9 54,447 252 BULLISH
PRU Perseus Mining 0.54 5.9 7,062,335 211 BULLISH
CSV CSG 0.23 4.7 194,748 107 BULLISH
ALK Alkane Exploration 0.24 4.4 586,099 101 BULLISH
FDV Frontier Digital Ventures 0.52 4 2,536 83 BULLISH
AGG Anglogold Ashanti 4.04 3.6 15,154 104 BULLISH
MVP Medical Developments 4.49 3.2 149,418 58 BULLISH
NCM Newcrest Mining 26.2 3.2 3,147,278 175 BULLISH
GOR Gold Road Resources 1.02 3 3,740,746 186 BULLISH
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