QBE Insurance

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

-0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 58 7.7 0.53% 1.11% 2.0% -2.4% -4.1%
SHORT 57 7.0 0.42% 0.73% 1.9% -1.5% -4.0%

Summary

Technical Analysis

QBE Insurance (QBE.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $12.23
Signal Strength: STRONG
Recommendation:

QBE Insurance (ASX:QBE) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 17. During the quarter, the lowest CCI value was -300. The last oversold signal occurred on Jun 6 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: 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.

Top 10:

Commodity Channel Index

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Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.07 15 2,437,137 103 BULLISH CROSSOVER
AQG Alacer Gold Corp 4.42 8.6 637,521 171 BULLISH CROSSOVER
WGX Westgold Resources 1.69 6.3 616,095 15 BULLISH CROSSOVER
IMD Imdex 1.1 5.8 2,149,957 85 BULLISH CROSSOVER
GOR Gold Road Resources 1.05 5.6 2,804,920 1 BULLISH CROSSOVER
ASL Ausdrill 1.51 5.2 2,815,654 35 BULLISH CROSSOVER
OGC Oceanagold Corporation 4.21 5 264,236 107 BULLISH CROSSOVER
RSG Resolute Mining 1.13 4.6 6,915,383 10 BULLISH CROSSOVER
DNK Danakali 0.75 4.2 409,402 64 BULLISH CROSSOVER
SOL Washington H Soul Pattison & Co 22.95 4 350,025 43 BULLISH CROSSOVER