Ale Property (LEP)

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Ale Property (LEP): Signals

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TECHNICAL ANALYSIS SUMMARY

Ale Property (LEP.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $5.1
Signal Strength: MEDIUM
Recommendation:

Ale Property (ASX:LEP) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -115. The bearish signal has been active for 12 days. During the quarter, the highest CCI value was 122.


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: Ale Property (LEP.AX)


Stock Exchange: ASX
Company: Ale Property
Ticker Codes: | LEP.AX | ASX:LEP |

About Ale Property (ASX:LEP):

ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainland states of Australia. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 13 years.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
AXP Airxpanders Inc 0.04 13.9 692,845 -155 BEARISH
CGC Consolidated Gaming Corporation 6.89 11.9 2,244,444 -91 BEARISH
BFC Beston Global Food 0.17 10 198,167 -100 BEARISH
ALU Altium 23.9 8.5 644,934 -33 BEARISH
NEA Nearmap 1.6 7.4 2,235,538 -107 BEARISH
TGA Thorn 0.58 6.5 213,499 -67 BEARISH
LNG Liquefied Natural Gas 0.5 6.5 2,349,316 -114 BEARISH
GSW Getswift 0.5 6.4 16,580 -98 BEARISH
FXL Flexigroup 1.61 6.3 4,047,941 -143 BEARISH
MNS Milnes Holdings 0.35 6.1 1,136,949 -33 BEARISH
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