[NEUTRAL]: Pact current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -32. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -396.
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
Ticker Codes: | PGH.AX | 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.
Commodity Channel IndexDownload
|ISX Isignthis||0.18||9.4||204,166||-5||BEARISH CROSSUNDER|
|DCG Decmil||0.8||6.7||282,536||-93||BEARISH CROSSUNDER|
|CNI Centuria Capital||1.39||6.1||207,220||35||BEARISH CROSSUNDER|
|GXL Greenross||3.79||5.3||4,553,920||-41||BEARISH CROSSUNDER|
|PNV Polynovo||0.55||4.8||9,128,270||-64||BEARISH CROSSUNDER|
|RKN Reckon||0.82||4.5||27,679||-63||BEARISH CROSSUNDER|
|CAT Catuity||1.1||3.8||158,070||-65||BEARISH CROSSUNDER|
|FRI Finbar International||0.89||3.5||38,178||-86||BEARISH CROSSUNDER|
|NAN Nanosonics||3.16||2.9||1,524,241||-86||BEARISH CROSSUNDER|
|BKY Berkeley Resources||0.71||2.9||64,896||-92||BEARISH CROSSUNDER|