QBE Insurance (QBE)

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QBE Insurance (QBE): Signals

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TECHNICAL ANALYSIS SUMMARY

QBE Insurance (QBE.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $11.13
Signal Strength: STRONG
Recommendation:

QBE Insurance (ASX:QBE) current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is -33. During the quarter, the highest CCI value was 302. The last overbought signal occurred on Oct 11 2018


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;


PROFILE: QBE Insurance (QBE.AX)


Stock Exchange: ASX
Company: QBE Insurance
Ticker Codes: | QBE.AX | ASX:QBE |

About QBE Insurance (ASX:QBE):

QBE Insurance Group Limited underwrites general insurance and reinsurance risks worldwide. It operates through North American Operations, European Operations, Australian & New Zealand Operations, Latin American Operations, Asia Pacific Operations, and Equator Re segments. The company offers personal, commercial, and specialist general insurance. It also manages Lloyd's syndicates, as well as offers investment management services. The company was founded in 1886 and is headquartered in Sydney, Australia.

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