[BEARISH]: Danakali current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 186. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 251.
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;
Commodity Channel IndexDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|OSP Osprey Medical||0.2||33.3||2,077,247||588||BEARISH|
|AJX Alexium International||0.16||6.9||960,302||267||BEARISH|
|DNA Donaco International||0.18||5.9||888,854||205||BEARISH|
|SUL Super Cheap Auto||8.88||2||1,575,576||207||BEARISH|
|CWY Cleanaway Waste Management||1.83||1.9||3,977,846||195||BEARISH|