Huon Aquaculture (HUO.AX)
COMMODITY CHANNEL INDEX
Trading: BUY @ $4.76
Signal Strength: STRONG
Huon Aquaculture (ASX:HUO) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 95. During the quarter, the lowest CCI value was -306. The last oversold signal occurred on Apr 12 2019
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: Huon Aquaculture (HUO.AX)
Stock Exchange: ASX
Company: Huon Aquaculture
Ticker Codes: | HUO.AX | ASX:HUO |
Huon Aquaculture Group Limited, together with its subsidiaries, hatches, farms, processes, markets, and sells Atlantic salmon and ocean trout in Australia. It also exports its products internationally. The company was founded in 1986 and is headquartered in Dover, Australia. Huon Aquaculture Group Limited is a subsidiary of Surveyors Investments Pty Ltd.
Commodity Channel IndexDownload
|CLQ Clean Teq Holdings||0.35||6.1||952,642||-34||BEARISH|
|CKF Collins Foods||7.62||5.2||433,211||117||BEARISH|
|EVO Evolve Education||0.22||4.9||50,300||-82||BEARISH|
|PME Pro Medicus||18.71||4.8||285,946||122||BEARISH|
|LNG Liquefied Natural Gas||0.45||4.7||15,362,821||-56||BEARISH|
|WTC Wisetech Global||22.35||4.7||726,869||-19||BEARISH|
|MGX Mount Gibson Iron||1.16||4.5||4,798,264||-60||BEARISH|
|TPE Tpi Enterprises||1.35||4.3||6,830||-9||BEARISH|