[NEUTRAL]: Danakali current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -63. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -243.
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: Danakali (DNK.AX)
Stock Exchange: ASX
Ticker Codes: | DNK.AX | ASX:DNK |
Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.
Commodity Channel IndexDownload
|RCR RCR Tomlinson||1.13||5.1||1,860,447||-38||BEARISH CROSSOVER|
|RKN Reckon||0.82||4.5||27,679||120||BEARISH CROSSOVER|
|AKP Audio Pixels Holdings||13.86||4.2||7,217||-19||BEARISH CROSSOVER|
|NWH NRW||2.11||3.4||1,482,731||-68||BEARISH CROSSOVER|
|GDI GDI Property||1.34||3.1||1,321,563||114||BEARISH CROSSOVER|
|PLS Pilbara Minerals||0.88||2.9||10,602,176||119||BEARISH CROSSOVER|
|COE Cooper Energy||0.44||2.3||3,724,449||-5||BEARISH CROSSOVER|
|DCN Dacian Gold||2.35||2.2||598,858||118||BEARISH CROSSOVER|
|ADH Adairs||2.39||2.1||698,860||115||BEARISH CROSSOVER|
|RFF Rural Funds||2.21||1.8||630,009||139||BEARISH CROSSOVER|