Pact (PGH)

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Pact (PGH): Signals

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TECHNICAL ANALYSIS SUMMARY

Pact (PGH.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $3.11
Signal Strength: MEDIUM
Recommendation:

Pact (ASX:PGH) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -135. The bearish signal has been active for 9 days. During the quarter, the highest CCI value was 227.


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: 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

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IFL Ioof Holdings 6.17 16.4 6,225,246 115 BULLISH
AFA ASF 0.08 11.1 11,087 75 BULLISH
EMH European Metals Holdings 0.35 7.7 10,000 23 BULLISH
MOY Millennium Minerals 0.21 5.1 557,606 159 BULLISH
FXL Flexigroup 1.16 5 502,759 147 BULLISH
MND Monadelphous 17.38 4.2 1,128,550 116 BULLISH
IDX Integral Diagnostics 2.96 3.9 17,327 19 BULLISH
BSA Broadcast Services Australia 0.27 3.8 37,056 67 BULLISH
HUB Hub24 13.34 3.7 224,638 100 BULLISH
MGX Mount Gibson Iron 0.72 3.6 2,204,882 113 BULLISH
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