COMMODITY CHANNEL INDEX
Trading: HOLD @ $5.19
Signal Strength: MEDIUM
Navitas (ASX:NVT) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 86. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -64.
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: Navitas (NVT.AX)
Stock Exchange: ASX
Ticker Codes: | NVT.AX | ASX:NVT |
Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.
Commodity Channel IndexDownload
|EDE Eden Energy||0.11||18.3||18,226,541||127||BULLISH|
|SMX Sms Management & Technology||0.26||8.3||240,688||3||BULLISH|
|VOC Vocus Communications||3.4||5.6||6,543,793||128||BULLISH|
|CGL The Citadel||8.8||4.8||86,922||127||BULLISH|
|FMG Fortescue Metals||3.97||4.5||17,327,462||62||BULLISH|
|COE Cooper Energy||0.49||4.3||2,132,013||170||BULLISH|
|TZN Terramin Australia||0.12||4.3||139,651||109||BULLISH|
|CGF Challenger Financial Services||11.51||4||2,590,109||200||BULLISH|
|WHC Whitehaven Coal||5.56||3||7,202,060||17||BULLISH|