Gateway Lifestyle (GTY.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $2.23
Signal Strength: MEDIUM
Gateway Lifestyle (ASX:GTY) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -310. The bearish signal has been active for 5 days. During the quarter, the highest CCI value was 209.
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: Gateway Lifestyle (GTY.AX)
Stock Exchange: ASX
Company: Gateway Lifestyle
Ticker Codes: | GTY.AX | ASX:GTY |
Gateway Lifestyle Group operates in the manufactured home estates sector in Australia. It operates through two segments, Operations and Development. The company develops, sells, and leases residential communities. As of June 30, 2017, it had 56 residential land lease communities located on the Australian eastern seaboard in New South Wales, Queensland, Victoria, and the Australian Capital Territory. Gateway Lifestyle Group was founded in 2009 and is headquartered in Bella Vista, Australia.
Commodity Channel IndexDownload
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|MOC Mortgage Choice||1.3||1.2||54,547||23||BULLISH CROSSOVER|
|GNC Graincorp||8.27||0.9||798,943||22||BULLISH CROSSOVER|
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|CQR Charter Hall Retail||4.19||0.7||548,189||-114||BULLISH CROSSOVER|
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