Trading indicator
Commodity Channel IndexBacktest 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% |
Trading Performance
Commodity Channel Index
Score
0.1
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 51 | 7.1 | 0.63% | 1.60% | 2.0% | -3.0% | 5.3% |
| SHORT | 52 | 9.2 | 0.42% | 0.73% | 3.0% | -2.2% | -0.1% |
Summary
Technical Analysis
Origin Energy (ORG.AX)
Indicator:
COMMOIDITY CHANNEL INDEX
Last Signal:
BEARISH
Trading: SELL @ $7.26
Signal Strength: MEDIUM
Recommendation:
Origin Energy (ASX:ORG) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -10. The bearish signal has been active for 20 days. During the quarter, the highest CCI value was 261.
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: Origin Energy (ORG.AX)
Stock Exchange: ASX
Company: Origin Energy
Ticker Codes: | ORG.AX | ASX:ORG |
Origin Energy Limited, an integrated energy company, engages in energy retailing, power generation, and natural gas production businesses in Australia, New Zealand, and internationally. The company operates through Energy Markets and Integrated Gas segments. Its exploration and production portfolio includes the Bowen, Surat and Cooper/Eromanga basins in Central Australia; the Otway and Bass basins in Southern Australia; the Browse and Perth Basin in Western Australia; and the Bonaparte and Beetaloo Basin in the Northern Territory, as well as exploration projects located in New Zealand in the Taranaki and Canterbury basins, and in Vietnam. The company also generates electricity from coal, wind, pumped water storage, solar, and cogeneration plants; sells electricity, natural gas, and LPG; provides GreenPower and green gas products; and supplies LPG to homes and businesses. In addition, it offers electric and gas hot water systems, as well as hot water systems repair and replacement services; split system air conditioners; ducted heating solutions; and ducted evaporative cooling systems. The company serves approximately 4.3 million gas, electricity, and LPG customers; and has a power generation portfolio of approximately 6,000 MW. Origin Energy Limited was founded in 2000 and is based in Barangaroo, Australia.
Top 10:
Commodity Channel Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| PNR Pacific Niugini Minerals | 0.2 | 21.2 | 8,666,174 | -30 | BEARISH |
| RMS Ramelius Resources | 0.77 | 15.9 | 8,313,251 | -149 | BEARISH |
| MOY Millennium Minerals | 0.07 | 15.8 | 5,801,793 | -61 | BEARISH |
| DCN Dacian Gold | 0.59 | 8.3 | 6,477,380 | -49 | BEARISH |
| GTN GTN Resources | 1.06 | 8.2 | 143,270 | -67 | BEARISH |
| URF Us Masters Residential Property Fund | 0.83 | 5.7 | 189,975 | -104 | BEARISH |
| KGN Kogan | 5.21 | 5.5 | 899,578 | -64 | BEARISH |
| MOC Mortgage Choice | 1.13 | 5.1 | 144,151 | -44 | BEARISH |
| ONE Oneview Healthcare | 0.21 | 5.1 | 191,184 | -83 | BEARISH |
| SDA Speedcast International | 3.63 | 4.9 | 1,766,294 | -38 | BEARISH |