Challenger Financial Services

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Commodity Channel Index

Score

0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 29 14.0 0.55% 1.23% 4.6% -3.1% 33.3%
LONG 29 13.1 0.41% 0.71% 3.6% -4.0% -25.8%

Summary

Technical Analysis

Challenger Financial Services (CGF.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $6.7
Signal Strength: MEDIUM
Recommendation:

Challenger Financial Services (ASX:CGF) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -41. The bearish signal has been active for 12 days. During the quarter, the highest CCI value was 262.


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: Challenger Financial Services (CGF.AX)


Stock Exchange: ASX
Company: Challenger Financial Services
Ticker Codes: | CGF.AX | ASX:CGF |

About Challenger Financial Services (ASX:CGF):

Challenger Limited is a publicly owned investment manager. The company also provides retirement services to its clients. It manages equity mutual funds. The firm invests into the public equity markets. Challenger Limited was founded in 1985 and is based in Australia, Asia and United Kingdom.

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Commodity Channel Index

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