COMMOIDITY CHANNEL INDEX
Trading: SELL @ $0.605
Signal Strength: MEDIUM
Iselect (ASX:ISU) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -107. The bearish signal has been active for 85 days. During the quarter, the highest CCI value was -59.
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: Iselect (ISU.AX)
Stock Exchange: ASX
Ticker Codes: | ISU.AX | ASX:ISU |
iSelect Limited provides online comparison and expert advisory services of insurance, utilities, and personal finance products in Australia. The company operates through three segments: Health, Life and General Insurance, and Energy and Telecommunications. It compares and sells private health insurance, life, car, pet, travel, and home and contents insurance; and broadband, mobile phones and plans, energy, home loans, and personal finance products. The company offers its services under the iSelect, InfoChoice, and Energy Watch brands. iSelect Limited was founded in 2000 and is headquartered in Cheltenham, Australia.
Commodity Channel IndexDownload
|BKY Berkeley Resources||0.33||10||250,006||-68||BEARISH|
|SNZ Summerset Holdings||5.61||5.3||2,413||-47||BEARISH|
|GOR Gold Road Resources||0.93||3.4||1,393,557||-70||BEARISH|
|OGC Oceanagold Corporation||4.13||3||934,700||-85||BEARISH|
|EDE Eden Energy||0.04||2.4||1,916,087||-54||BEARISH|
|FOR Forager Australian Shares||1.33||2.3||32,063||-120||BEARISH|
|PMC Platinum Capital||1.57||2.3||362,854||-127||BEARISH|