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

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 14.5 0.63% 1.67% 4.4% -3.0% 38.6%
SHORT 23 17.5 0.43% 0.77% 4.4% -3.5% -2.3%

Summary

Technical Analysis

Nextdc (NXT.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $6.7
Signal Strength: STRONG
Recommendation:

Nextdc (ASX:NXT) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 3. During the quarter, the lowest CCI value was -126. The last oversold signal occurred on Jul 18 2019


A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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: Nextdc (NXT.AX)


Stock Exchange: ASX
Company: Nextdc
Ticker Codes: | NXT.AX | ASX:NXT |

About Nextdc (ASX:NXT):

NEXTDC Limited provides data center outsourcing solutions, connectivity services, and infrastructure management software in Australia. It offers on-demand services to support outsourced data center infrastructure and cloud connectivity for enterprises; data center professional services for the project life cycle, including technical advisory, migration planning, project management, deliveries, building, and operational infrastructure support; and onsite technical assistance services. The company's data centers provide NEXTDC rack packages, a private suite and custom options for individual or multiple racks; and AXONVX, a virtual connectivity platform designed to deliver connectivity-as-a-service. In addition, it offers security systems and protocols, such as multi-layered access systems with biometric fingerprint technology and ID access cards with photo and biometric template technology; cross connect services; and ONEDC, a cloud based data center infrastructure management-as-a-service that delivers real-time data center intelligence to its customers to manage their data center assets. NEXTDC Limited was founded in 2010 and is headquartered in Brisbane, Australia.

Top 10:

Commodity Channel Index

Download
Company Close Change(%) Volume Value Signal
MOY Millennium Minerals 0.13 13.6 1,861,319 -119 BULLISH
MXI Maxitra Industries 0.33 8.2 24,282 -142 BULLISH
SLR Silver Lake Resources 1.45 8.2 9,252,383 -115 BULLISH
AEF Australian Ethical Investments 2.03 6.8 76,257 -143 BULLISH
MNS Milnes Holdings 0.23 4.5 400,019 -216 BULLISH
CLQ Clean Teq Holdings 0.38 4.1 1,546,857 -145 BULLISH
ISD Isentia 0.29 3.6 637,281 -106 BULLISH
GXY Galaxy Resources 1.33 3.5 3,778,711 -139 BULLISH
GWA GWA 3.56 3.5 1,686,112 -106 BULLISH
RND Rand Mining 3.21 3.5 4,122 -163 BULLISH