Fastbrick Robotics

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

1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 55 8.3 0.51% 0.82% 8.0% -4.6% 69.0%
SHORT 55 7.0 0.65% 1.44% 6.8% -5.2% 113.2%

Summary

Technical Analysis

Fastbrick Robotics (FBR.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $0.073
Signal Strength: STRONG
Recommendation:

Fastbrick Robotics (ASX:FBR) current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is -33. During the quarter, the highest CCI value was 368. The last overbought signal occurred on May 10 2019


A bearish 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: Fastbrick Robotics (FBR.AX)


Stock Exchange: ASX
Company: Fastbrick Robotics
Ticker Codes: | FBR.AX | ASX:FBR |

About Fastbrick Robotics (ASX:FBR):

Fastbrick Robotics Limited, a robotic technology company, develops and commercializes digital construction technology solutions in Australia. It engages in developing Hadrian X, a patented 3D robotic bricklaying system that handles the loading, cutting, routing, and placement of various bricks. The company is headquartered in High Wycombe, Australia.

Top 10:

Commodity Channel Index

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Company Close Change(%) Volume Value Signal
SDG Sunland 1.75 0.3 111,508 -52 BEARISH CROSSOVER
MWY Midway 3.48 -0.3 9,686 -45 BEARISH CROSSOVER
IDX Integral Diagnostics 3 -0.3 37,022 -19 BEARISH CROSSOVER
CIM Cimic 44.69 -1 386,000 -76 BEARISH CROSSOVER
AGL AGL Energy 20.15 -1.1 2,519,190 -14 BEARISH CROSSOVER
REX Regional Express 1.4 -1.1 2,252 -42 BEARISH CROSSOVER
QBE QBE Insurance 11.75 -1.3 4,273,822 -16 BEARISH CROSSOVER
MNY Money3 2.1 -1.4 113,215 -3 BEARISH CROSSOVER
CDV Cardinal Resources 0.33 -1.5 528,188 -11 BEARISH CROSSOVER
AUB Austbrokers Holdings 11.01 -1.5 236,451 -27 BEARISH CROSSOVER