Karoon Gas Australia

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Commodity Channel Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 52 7.3 0.38% 0.61% 3.0% -2.6% -26.7%
SHORT 53 8.5 0.58% 1.35% 2.8% -3.5% 6.4%


Technical Analysis

Karoon Gas Australia (KAR.AX)



Last Signal:


Trading: BUY @ $0.91
Signal Strength: STRONG

Karoon Gas Australia (ASX:KAR) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 3. During the quarter, the lowest CCI value was -232. The last oversold signal occurred on Jun 6 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: Karoon Gas Australia (KAR.AX)

Stock Exchange: ASX
Company: Karoon Gas Australia
Ticker Codes: | KAR.AX | ASX:KAR |

About Karoon Gas Australia (ASX:KAR):

Karoon Gas Australia Ltd operates as an oil and gas exploration company in Australia, Brazil, and Peru. It has a working interest in two off-shore permits in the Browse and Carnarvon basins located to the north Western Australian coastline covering a combined area of 15,492 square kilometers. The company also holds working interest in five offshore blocks in the Santos Basin located in the State of Santa Catarina covering an area of 549 square kilometers. In addition, the company has a working interest in an off-shore block in the Tumbes Basin located approximately to the north-west coast of Peru covering an area of 4,750 square kilometers. The company was incorporated in 2003 and is headquartered in Mount Martha, Australia.

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Commodity Channel Index

Company Close Change(%) Volume Value Signal
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ADA Adacel Technologies 0.68 22.5 435,672 73 BULLISH CROSSOVER
WAF West African Resources 0.33 16.1 4,518,149 135 BULLISH CROSSOVER
AJM Altura Mining 0.11 14.6 11,815,602 57 BULLISH CROSSOVER
RSG Resolute Mining 1.19 10.2 15,246,642 102 BULLISH CROSSOVER
SBM St Barbara Mines 2.94 10.1 10,915,698 119 BULLISH CROSSOVER
BOC Bougainville Copper 0.12 9.1 27,100 6 BULLISH CROSSOVER
WGX Westgold Resources 1.78 8.9 1,219,326 94 BULLISH CROSSOVER
AJX Alexium International 0.14 7.7 338,030 99 BULLISH CROSSOVER
RND Rand Mining 3 7.1 250 22 BULLISH CROSSOVER