Moto Goldmines (MTO.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $1.45
Signal Strength: MEDIUM
Moto Goldmines (ASX:MTO) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -69. The bearish signal has been active for 15 days. During the quarter, the highest CCI value was 208.
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: Moto Goldmines (MTO.AX)
Stock Exchange: ASX
Company: Moto Goldmines
Ticker Codes: | MTO.AX | ASX:MTO |
MotorCycle Holdings Limited operates as a motorcycle dealer in Australia. The company is involved in the sale of new motorcycles, used motorcycles, and accessories and parts; and finance, insurance, and warranty activities, as well as service and repair of motorcycles. It operates 34 franchises operated from 24 locations in Queensland, New South Wales, and the Australian Capital Territory. The company also owns and operates a rider training school and a motorcycle repair business that performs smash repair work for insurers. MotorCycle Holdings Limited was founded in 1989 and is based in Slacks Creek, Australia.
Commodity Channel IndexDownload
|GCY Gascoyne Resources||0.11||11.1||1,637,598||-23||BEARISH|
|AYS Amaysim Australia||0.95||5.6||94,182||-28||BEARISH|
|CLQ Clean Teq Holdings||0.33||4.8||1,404,811||-119||BEARISH|
|OSP Osprey Medical||0.11||4.8||5,000||-72||BEARISH|
|SAR Saracen Mineral||3.05||4.8||5,818,759||-66||BEARISH|
|CAJ Capitol Health||0.26||4||395,180||-48||BEARISH|