Fletcher Building (FBU)

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Fletcher Building (FBU): Signals

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TECHNICAL ANALYSIS SUMMARY

Fletcher Building (FBU.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $5.3
Signal Strength: MEDIUM
Recommendation:

Fletcher Building (ASX:FBU) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -106. The bearish signal has been active for 33 days. During the quarter, the highest CCI value was 155.


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: Fletcher Building (FBU.AX)


Stock Exchange: ASX
Company: Fletcher Building
Ticker Codes: | FBU.AX | ASX:FBU |

About Fletcher Building (ASX:FBU):

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building and construction products in New Zealand, Australia, and internationally. Its Building Products segment manufactures, distributes, and markets building products, such as concrete pipes and products, cement and aggregates, plastic pipes, and building materials for commercial and residential markets. The company's International segment provides laminate and surface products for commercial and residential spaces; decorative wood panels and laminates, particle boards, medium density fiber boards, and other decorative products; and pressed metal roof tiles. Its Distribution segment distributes building, plumbing, pipeline, and steel products. The company's Residential and Land Development segment develops land holdings for residential and commercial use, as well as operates as a residential home builder. Its Construction segment builds and maintains commercial buildings and infrastructure projects. Fletcher Building Limited was founded in 1909 and is headquartered in Auckland, New Zealand.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
AXP Airxpanders Inc 0.04 13.9 692,845 -155 BEARISH
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TGA Thorn 0.58 6.5 213,499 -67 BEARISH
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FXL Flexigroup 1.61 6.3 4,047,941 -143 BEARISH
MNS Milnes Holdings 0.35 6.1 1,136,949 -33 BEARISH
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