COMMODITY CHANNEL INDEX
Trading: BUY @ $6.35
Signal Strength: STRONG
Gentrack (ASX:GTK) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 32. During the quarter, the lowest CCI value was -253. The last oversold signal occurred on Oct 31 2018
A bullish 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: 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
|LVH Livehire||0.45||15.4||626,676||58||BULLISH CROSSOVER|
|BOC Bougainville Copper||0.17||13.3||6,000||208||BULLISH CROSSOVER|
|MRN Macquarie Radio Network||1.79||6.2||8,395||88||BULLISH CROSSOVER|
|WGX Westgold Resources||1.13||6.1||450,410||49||BULLISH CROSSOVER|
|WLL Wellcom||5.09||4.9||18,466||55||BULLISH CROSSOVER|
|DTL Data#3||1.53||4.8||229,753||19||BULLISH CROSSOVER|
|PMC Platinum Capital||1.85||4.2||154,098||36||BULLISH CROSSOVER|
|NTC Netcomm||0.73||3.6||101,731||50||BULLISH CROSSOVER|
|CYB Cybg||4.91||3.4||8,550,817||59||BULLISH CROSSOVER|
|DWS DWS||1.2||2.6||39,060||17||BULLISH CROSSOVER|