|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Evolve Education (EVO.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $0.155
Signal Strength: MEDIUM
Evolve Education (ASX:EVO) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -154. The bearish signal has been active for 9 days. During the quarter, the highest CCI value was 164.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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: Evolve Education (EVO.AX)
Stock Exchange: ASX
Company: Evolve Education
Ticker Codes: | EVO.AX | ASX:EVO |
Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand. The company operates in two segments, ECE Centres and Home-based ECE. The ECE Centres segment operates facilities that offer all day or part-day early childhood services. The Home-based ECE segment provides services to a small group of children in a home setting supported by a registered teacher coordinator. The company also provides management and training services. It operates approximately 120 center-based ECE facilities under the Lollipops, Porse, Active Explorers, Learning Adventures, Little Earth Montessori, Au Pair Link, Little Lights, Little Wonders, and Pascals brands. The company was founded in 2014 and is based in Auckland, New Zealand.
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