Fastbrick Robotics (FBR.AX)
COMMODITY CHANNEL INDEX
Trading: HOLD @ $0.11
Signal Strength: MEDIUM
Fastbrick Robotics (ASX:FBR) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 110. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -150.
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 |
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.
Commodity Channel IndexDownload
|GZL Gazal Corporation||4.29||19.2||52,882||255||BULLISH|
|IRI Integrated Research||2.49||8.3||567,896||147||BULLISH|
|AXP Airxpanders Inc||0.03||6.7||158,933||51||BULLISH|
|SFR Sandfire Resources||7.06||6||1,338,899||229||BULLISH|