Eden Energy (EDE)

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Eden Energy (EDE): Signals

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TECHNICAL ANALYSIS SUMMARY

Eden Energy (EDE.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $0.083
Signal Strength: STRONG
Recommendation:

Eden Energy (ASX:EDE) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 57. During the quarter, the lowest CCI value was -85. The last oversold signal occurred on Sep 24 2018


A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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: Eden Energy (EDE.AX)


Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |

About Eden Energy (ASX:EDE):

Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
ISD Isentia 0.31 41.9 9,321,339 85 BULLISH CROSSOVER
EWC Energy World Corporation 0.17 6.5 13,824 58 BULLISH CROSSOVER
BWX BWX 3.14 6.1 748,282 26 BULLISH CROSSOVER
RRL Regis Resources 4.36 5.1 2,623,260 26 BULLISH CROSSOVER
FLT Flight Centre 48.3 4.9 490,754 74 BULLISH CROSSOVER
EBO Ebos 20.26 4.7 565 113 BULLISH CROSSOVER
WAF West African Resources 0.29 3.6 1,953,448 118 BULLISH CROSSOVER
PSQ Pacific Smiles 1.36 3.4 2 3 BULLISH CROSSOVER
ILU Iluka Resources 8.47 3.4 1,833,499 11 BULLISH CROSSOVER
EVN Evolution Mining 3.13 2.6 6,096,136 51 BULLISH CROSSOVER
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