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

Score

-0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 56 7.8 0.50% 0.90% 1.7% -1.6% -2.7%
SHORT 57 7.1 0.49% 0.93% 1.9% -2.7% -29.1%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $5.79
Signal Strength: MEDIUM
Recommendation:

Navitas (ASX:NVT) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -50. The bearish signal has been active for 16 days. During the quarter, the highest CCI value was 229.


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: Navitas (NVT.AX)


Stock Exchange: ASX
Company: Navitas
Ticker Codes: | NVT.AX | ASX:NVT |

About Navitas (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.

Top 10:

Commodity Channel Index

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Company Close Change(%) Volume Value Signal
ISX Isignthis 0.6 8.2 4,830,133 121 BEARISH
RAP Resapp Health 0.15 7.1 428,520 -62 BEARISH
EML Emerchants 2.55 6.3 2,216,677 221 BEARISH
ADH Adairs 2.06 5.6 1,149,442 183 BEARISH
BFC Beston Global Food 0.12 4.3 385,290 -16 BEARISH
ONE Oneview Healthcare 0.25 4.2 107,600 -36 BEARISH
IRD Iron Road 0.06 3.5 18,500 -54 BEARISH
BLX Beacon Lighting 1.2 3.4 140,762 152 BEARISH
CCV Cash Converters International 0.17 3 378,531 262 BEARISH
GOR Gold Road Resources 1.1 2.8 3,737,117 162 BEARISH