The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.
Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);
PROFILE: Coca-Cola Amatil (CCL.AX)
Stock Exchange: ASX
Company: Coca-Cola Amatil
Ticker Codes: | CCL.AX | ASX:CCL |
Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets ready-to-drink beverages in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea, and Samoa. It provides ready-to-drink alcohol and non-alcohol sparkling beverages, spring waters, sports and energy drinks, fruit juices, iced tea, flavored milk, coffee, tea, beer, cider, and spirits, as well as ready-to-eat fruit and vegetable snacks and products. The company offers its beverages under Sprite, Fanta, Lift, Kirks, Deep Spring, Mount Franklin, Pump, PowerAde, Barista Bros, Fuze Tea, Monster, Mother, Zico Coconut Water, Coca-Cola, BU, Nature's Own Water, Golden Crush, Minute Maid, L&P, Kiwi Blue, Frubu, Fiji Water, Jucy, Coke Zero, Diet Coca-Cola, Keri Juice, Schweppes, Grinders Coffee, Baker Halls, SPC, SPC ProVital, Ardmona, Goulburn Valley, IXL, Henry Jones, Taylor's, and Perfect Fruit brands, as well as alcohol under the Coors, Blue Moon, Vonu Premium Lager, Fiji Bitter, Fiji Gold, Rekorderlig cider, Yenda, Pressman's, Bounty Rum, and Fiji Rum brand names. The company was formerly known as Amatil Limited and changed its name to Coca-Cola Amatil Limited in 1989. Coca-Cola Amatil Limited was founded in 1904 and is headquartered in North Sydney, Australia.
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