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

0.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 55 7.1 0.62% 1.55% 1.7% -1.3% 29.8%
SHORT 55 8.1 0.49% 0.96% 1.7% -2.0% -11.2%

Summary

Technical Analysis

Goodman (GMG.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $13.71
Signal Strength: MEDIUM
Recommendation:

Goodman (ASX:GMG) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 138. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -294.


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: Goodman (GMG.AX)


Stock Exchange: ASX
Company: Goodman
Ticker Codes: | GMG.AX | ASX:GMG |

About Goodman (ASX:GMG):

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally. Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

Top 10:

Commodity Channel Index

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Company Close Change(%) Volume Value Signal
PPC Peet & Company 1.17 9.3 3,249,634 353 BULLISH
ISD Isentia 0.26 8.5 1,063,718 84 BULLISH
CUV Clinuvel Pharmaceuticals 31.19 8.3 136,460 131 BULLISH
LYC Lynas Corporation 2.43 7.5 23,854,412 339 BULLISH
PLS Pilbara Minerals 0.84 7.1 14,160,985 112 BULLISH
CWP Cedar Woods Properties 5.87 6.7 89,806 128 BULLISH
CCV Cash Converters International 0.16 6.7 1,215,613 152 BULLISH
AVJ Av Jennings Homes 0.59 6.4 413,865 250 BULLISH
GXY Galaxy Resources 1.79 6.2 4,771,486 207 BULLISH
ORE Orocobre 3.72 5.7 2,070,172 168 BULLISH