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

0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 52 7.8 0.58% 1.36% 3.8% -2.5% 58.8%
LONG 52 8.0 0.52% 1.04% 2.4% -3.5% -25.7%

Summary

Technical Analysis

Pact (PGH.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $2.66
Signal Strength: STRONG
Recommendation:

Pact (ASX:PGH) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 96. During the quarter, the lowest CCI value was -173. The last oversold signal occurred on Apr 23 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: Pact (PGH.AX)


Stock Exchange: ASX
Company: Pact
Ticker Codes: | PGH.AX | ASX:PGH |

About Pact (ASX:PGH):

Pact Group Holdings Ltd manufactures and supplies rigid plastics and metal packaging in Australia, New Zealand, China, the Philippines, Singapore, Indonesia, Thailand, and the United States. The company operates in two segments, Pact Australia and Pact International. It primarily converts plastic resin and steel into rigid packaging and other products for customers in the food and beverage, personal care, household consumer, industrial and chemical, materials handling, infrastructure, agricultural, and other sectors. The company's products comprise yoghurt containers, cream and ice-cream containers, milk and beverage bottles, margarine tubs, food jars, meat and bakery trays, cubes, pails, tubes and cartridges, bottle caps and closures, and other customized packaging; steel drums, tinplate pails, and other metal containers; and plastic material handling, industrial, and technical products, as well as sustainability products and services. In addition, it offers materials handling solutions and associated services; contract manufacturing services for pharmaceutical and aerosol based products; recycling services; and crate pooling and hire services. Pact Group Holdings Ltd was founded in 2002 and is headquartered in Richmond, Australia.

Top 10:

Commodity Channel Index

Download
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CLQ Clean Teq Holdings 0.32 12.5 2,429,222 9 BULLISH CROSSOVER
EOS Electro Optic Systems Holdings 3.31 7.1 200,801 13 BULLISH CROSSOVER
GRR Grange Resources 0.28 5.8 2,503,451 46 BULLISH CROSSOVER
NHC New Hope 2.78 4.9 2,587,007 76 BULLISH CROSSOVER
ABC Adelaide Brighton 4.12 4.6 5,866,637 17 BULLISH CROSSOVER
MWY Midway 3.6 4.3 47,735 65 BULLISH CROSSOVER
SDG Sunland 1.69 4.3 23,172 104 BULLISH CROSSOVER
NZM Nzme 0.54 3.9 16,051 22 BULLISH CROSSOVER
OCL Objective Corporation 2.9 3.6 21,000 209 BULLISH CROSSOVER
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