ERM Power

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

0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 53 7.3 0.58% 1.35% 3.4% -2.7% 45.3%
SHORT 53 8.4 0.57% 1.15% 3.3% -3.8% -0.2%

Summary

Technical Analysis

ERM Power (EPW.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $1.915
Signal Strength: MEDIUM
Recommendation:

ERM Power (ASX:EPW) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 103. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -174.


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: ERM Power (EPW.AX)


Stock Exchange: ASX
Company: ERM Power
Ticker Codes: | EPW.AX | ASX:EPW |

About ERM Power (ASX:EPW):

ERM Power Limited, a diversified energy company, engages in electricity sales and electricity generation businesses in Australia and the United States. The company operates through Business Energy Australia, Business Energy US, Generation Assets, and Other segments. It operates 662 megawatts of low emission gas fired power stations in Western Australia and Queensland. The company is also involved in the gas, metering, data analytics, and lighting solutions business. It sells electricity to the commercial and industrial business customers. The company was founded in 1980 and is headquartered in Brisbane, Australia.

Top 10:

Commodity Channel Index

Download
Company Close Change(%) Volume Value Signal
PRU Perseus Mining 0.61 21 11,469,507 295 BULLISH
NST Northern Star Resources 11.69 9.3 7,110,929 234 BULLISH
CII Ci Resources 1.5 8.7 25,410 282 BULLISH
APD Apn Property 0.51 8.6 192,400 427 BULLISH
AGG Anglogold Ashanti 4.87 8 18,113 120 BULLISH
EVN Evolution Mining 4.39 7.1 18,630,358 178 BULLISH
CYB Cybg 3.61 7.1 8,929,630 207 BULLISH
SLR Silver Lake Resources 1.13 6.6 8,288,727 245 BULLISH
RRL Regis Resources 4.93 5.8 5,277,394 134 BULLISH
ALU Altium 35.13 5.6 741,118 192 BULLISH