Karoon Gas Australia (KAR)

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Karoon Gas Australia (KAR): Signals

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TECHNICAL ANALYSIS SUMMARY

Karoon Gas Australia (KAR.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $1.105
Signal Strength: MEDIUM
Recommendation:

Karoon Gas Australia (ASX:KAR) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -70. The bearish signal has been active for 10 days. During the quarter, the highest CCI value was 218.


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: 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.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
AFA ASF 0.16 10.7 10,000 -59 BEARISH
CCP Credit Corp 19.99 6 515,529 -229 BEARISH
BAF Blue Sky Alternatives 0.9 5.9 979,344 -215 BEARISH
VOC Vocus Communications 3.4 5.6 6,543,793 -13 BEARISH
NWH NRW 2.05 5.1 1,094,979 -56 BEARISH
FMG Fortescue Metals 3.97 4.5 17,327,462 305 BEARISH
CDV Cardinal Resources 0.46 4.5 417,540 -5 BEARISH
FLN Freelancer 0.62 4.2 319,263 -27 BEARISH
DNK Danakali 0.79 3.3 58,346 -167 BEARISH
TLS Telstra Corporation 3.16 3.3 35,173,994 -26 BEARISH
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