The Citadel (CGL)

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The Citadel (CGL): Signals

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TECHNICAL ANALYSIS SUMMARY

The Citadel (CGL.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $7.5
Signal Strength: MEDIUM
Recommendation:

The Citadel (ASX:CGL) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -205. The bearish signal has been active for 7 days. During the quarter, the highest CCI value was 193.


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: The Citadel (CGL.AX)


Stock Exchange: ASX
Company: The Citadel
Ticker Codes: | CGL.AX | ASX:CGL |

About The Citadel (ASX:CGL):

The Citadel Group Limited develops and delivers integration and managed service solutions to state and federal government departments, and the private sector in Australia. It specializes in managing knowledge in complex environments through integrating know-how, systems and people to provide information on an anywhere-anytime basis. The company primarily offers long term managed services, software-as-a-service, and strategic advisory services. The Citadel Group Limited is based in Symonston, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
LOV Lovisa 9.3 20.2 1,518,896 -40 BEARISH
NWH NRW 2.28 9.6 3,181,761 -3 BEARISH
NEA Nearmap 2.57 7.5 3,461,849 -76 BEARISH
RSG Resolute Mining 1.15 6.5 9,128,506 -177 BEARISH
BSA Broadcast Services Australia 0.29 5.6 67,709 -61 BEARISH
CLQ Clean Teq Holdings 0.33 4.8 1,404,811 -4 BEARISH
OSP Osprey Medical 0.11 4.8 5,000 -127 BEARISH
SAR Saracen Mineral 3.05 4.8 5,818,759 -135 BEARISH
SGM Sims 11.66 4.7 1,667,336 -101 BEARISH
PNR Pacific Niugini Minerals 0.25 4.2 1,178,071 -90 BEARISH
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