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



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 66 6.3 0.56% 1.28% 1.6% -1.7% 10.2%
SHORT 67 6.8 0.45% 0.81% 2.4% -1.8% 3.3%


Technical Analysis

Orica (ORI.AX)



Last Signal:


Trading: SELL @ $20.54
Signal Strength: STRONG

Orica (ASX:ORI) current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is -101. During the quarter, the highest CCI value was 278. The last overbought signal occurred on Jun 13 2019

A bearish 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;


Stock Exchange: ASX
Company: Orica
Ticker Codes: | ORI.AX | ASX:ORI |

About Orica (ASX:ORI):

Orica Limited engages in the manufacture and distribution of commercial explosives and blasting systems, and mining and tunneling support systems to the mining and infrastructure markets in Australia, the United States, and internationally. The company offers bulk systems, electronic blasting systems, initiating systems, packaged explosives, and blasting services to the surface and underground mining, civil tunneling, quarrying, construction, and oil and gas markets. It also offers mining chemicals comprising sodium cyanide and emulsifiers, as well as offers a range of service solutions consisting of mineral recovery, cyanide handling and use, and onsite technical support. In addition, the company provides chemical and mechanical earth control products, adhesives, and ground support equipment, including steel bolts and plates, glass fiber reinforced polymer bolts, injectable chemicals and foams, mesh, resin capsules, cementitious grouts and coatings, pumps, soil anchoring systems, ballast bonding polymers, and accessories, as well as engineering services for the underground mining, construction, tunneling, and civil engineering industries. Orica Limited was founded in 1874 and is headquartered in East Melbourne, Australia.

Top 10:

Commodity Channel Index

Company Close Change(%) Volume Value Signal
CLH Collection House 1.26 0 132,179 -13 BEARISH CROSSOVER
IGL International Goldfields 2.09 0 616,361 -4 BEARISH CROSSOVER
CSR CSR 3.98 -0.5 3,070,903 -27 BEARISH CROSSOVER
MIN Mineral Resources 14.9 -0.6 1,599,691 -16 BEARISH CROSSOVER
MAQ Macquarie Telecom 19.74 -0.9 9,726 -10 BEARISH CROSSOVER
RUL Runge 0.6 -1.2 132,146 -3 BEARISH CROSSOVER
QAN Qantas Airways 5.43 -1.6 21,347,536 -94 BEARISH CROSSOVER
WEB Webjet 14.69 -2.7 1,155,498 -5 BEARISH CROSSOVER
DMP Domino 38.36 -2.8 416,886 -47 BEARISH CROSSOVER
MND Monadelphous 18.6 -2.9 666,141 -79 BEARISH CROSSOVER