Prime Television (PRT.AX)
COMMODITY CHANNEL INDEX
Trading: HOLD @ $0.24
Signal Strength: MEDIUM
Prime Television (ASX:PRT) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 51. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -84.
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: Prime Television (PRT.AX)
Stock Exchange: ASX
Company: Prime Television
Ticker Codes: | PRT.AX | ASX:PRT |
Prime Media Group Limited provides commercial television broadcasting services in Australia. The company offers free-to-air television broadcasting services under the PRIME7 and GWN7 brands in the regional New South Wales, the Australian Capital Territory, regional Victoria, the Gold Coast area of Southern Queensland, and regional Western Australia. Prime Media Group Limited is based in Watson, Australia.
Commodity Channel IndexDownload
|LYC Lynas Corporation||1.84||11.9||10,942,144||-126||BEARISH|
|IRD Iron Road||0.06||6.7||45,111||-199||BEARISH|
|PNR Pacific Niugini Minerals||0.24||4.3||220,033||-119||BEARISH|
|SXY Senex Energy||0.36||4.3||2,229,926||-28||BEARISH|
|BFC Beston Global Food||0.13||4.2||302,806||-56||BEARISH|
|ADA Adacel Technologies||0.74||4.2||69,085||-68||BEARISH|