Eden Energy

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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Trading Performance

Commodity Channel Index

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 18 21.8 0.39% 0.54% 13.7% -8.9% -18.9%
SHORT 19 21.9 0.89% 4.25% 14.6% -15.1% 187.6%

Summary

Technical Analysis

Eden Energy (EDE.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.065
Signal Strength: MEDIUM
Recommendation:

Eden Energy (ASX:EDE) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 101. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was 38.


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
DCN Dacian Gold 0.95 22.6 7,221,770 242 BULLISH
RFG Retail Food 0.21 13.9 602,168 64 BULLISH
CGS Cogstate 0.22 10 8,100 54 BULLISH
EWC Energy World Corporation 0.1 9.2 682,001 152 BULLISH
PRU Perseus Mining 0.77 8.5 17,484,605 159 BULLISH
RMS Ramelius Resources 0.86 8.2 7,633,542 139 BULLISH
CDV Cardinal Resources 0.37 5.7 766,151 204 BULLISH
PGC Paragon Care 0.5 5.3 921,899 247 BULLISH
RSG Resolute Mining 1.82 4.6 12,510,848 153 BULLISH
PRT Prime Television 0.23 4.5 173,226 85 BULLISH