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

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 64 7.3 0.47% 0.79% 3.2% -3.0% -16.3%
SHORT 63 6.1 0.62% 1.22% 3.1% -2.7% 33.6%

Summary

Technical Analysis

Nzme (NZM.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.47
Signal Strength: MEDIUM
Recommendation:

Nzme (ASX:NZM) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -116. The bearish signal has been active for 24 days. During the quarter, the highest CCI value was 151.


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: Nzme (NZM.AX)


Stock Exchange: ASX
Company: Nzme
Ticker Codes: | NZM.AX | ASX:NZM |

About Nzme (ASX:NZM):

NZME Limited, together with its subsidiaries, operates as an integrated media and entertainment company in New Zealand. It is involved in the integrated print, radio, digital media, entertainment, advertising, and events activities, as well as e-commerce business. NZME Limited was formerly known as Wilson & Horton Limited. The company is based in Auckland, New Zealand. NZME Limited is a subsidiary of Australian Provincial Newspapers International Pty Limited.

Top 10:

Commodity Channel Index

Download
Company Close Change(%) Volume Value Signal
DCN Dacian Gold 0.55 23.6 6,024,943 -80 BEARISH
GTN GTN Resources 1.1 10 161,378 -63 BEARISH
LNG Liquefied Natural Gas 0.29 9.6 1,664,251 -57 BEARISH
TZN Terramin Australia 0.08 8.7 388,211 -46 BEARISH
VTG Vita 1.25 5.9 714,854 -154 BEARISH
SMX Sms Management & Technology 0.39 5.4 102,965 -91 BEARISH
KMD Kathmandu 2.06 4.3 154,871 -121 BEARISH
FBR Fastbrick Robotics 0.08 4.2 978,830 -94 BEARISH
BEE Broo 0.03 4.2 369,883 -13 BEARISH
BBN Baby Bunting 2.18 3.8 510,542 -85 BEARISH