Consolidated Gaming Corporation (CGC.AX)
Trading: SELL @ $5.41
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Consolidated Gaming Corporation (ASX:CGC) has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 99.18% with a current width of 8.54.
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: Consolidated Gaming Corporation (CGC.AX)
Stock Exchange: ASX
Company: Consolidated Gaming Corporation
Ticker Codes: | CGC.AX | ASX:CGC |
Costa Group Holdings Limited produces, packs, markets, and exports fruits and vegetables to food retailers in Australia. The company operates through three segments: Products, Costa Farms & Logistics, and International. It offers mushrooms, blueberries, raspberries, tomatoes, citrus, avocados, bananas, grapes, and other fruits. The company also provides logistics warehousing and services; and wholesale and marketing services. In addition, it engages in licensing blueberry varieties; and berry farming activities. The company primarily exports its products to Asia, North America, and Europe. The company was founded in 1888 and is based in Ravenhall, Australia.
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