COMMODITY CHANNEL INDEX
Trading: HOLD @ $5.25
Signal Strength: MEDIUM
Gentrack (ASX:GTK) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 71. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was 71.
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: Gentrack (GTK.AX)
Stock Exchange: ASX
Ticker Codes: | GTK.AX | ASX:GTK |
Gentrack Group Limited engages in the development, integration, and support of enterprise billing and customer management software solutions for the energy and water utility, and airport industries worldwide. It operates in two segments, Utility Billing Software and Airport Management Software. The company's primary software products include Gentrack Velocity, Junifer, Airport 20/20, BlipTrack, and Concessionaire Analyzer+ (CA+). The company's Velocity and Junifer solutions provide billing and customer management solutions for energy and water suppliers. Its Airport 20/20, BlipTrack, and CA+ offers a solution suite to connect and unlock the airport operations, revenues, concessions, and passengers data. The company was founded in 1989 and is headquartered in Auckland, New Zealand.
Commodity Channel IndexDownload
|TNG Tennant Creek Gold||0.11||12.2||1,689,894||334||BULLISH|
|EMH European Metals Holdings||0.4||9.6||82,920||101||BULLISH|
|HFR Highfield Resources||0.71||7.6||283,351||93||BULLISH|
|WHC Whitehaven Coal||4.46||6.4||15,597,625||207||BULLISH|
|SPL Starpharma Holdings||1.34||5.9||873,280||224||BULLISH|
|AKP Audio Pixels Holdings||19.89||4.5||2,244||143||BULLISH|
|MNF My Net Fone||4.58||4.1||80,005||286||BULLISH|