Ruralco Holdings (RHL.AX)
COMMODITY CHANNEL INDEX
Trading: BUY @ $3.12
Signal Strength: STRONG
Ruralco Holdings (ASX:RHL) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 382. During the quarter, the lowest CCI value was -201. The last oversold signal occurred on Nov 9 2018
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: Ruralco Holdings (RHL.AX)
Stock Exchange: ASX
Company: Ruralco Holdings
Ticker Codes: | RHL.AX | ASX:RHL |
Ruralco Holdings Limited sells and markets merchandise, fertilizers, water products, and financial services products to rural and related customers in Australia. It operates through Rural Services, Water Services, Live Export, Financial Services, and Corporate & Other segments. The company offers wool broking services; livestock marketing services for sheep, dairy, and beef cattle; feedlot services; and a range of animal health and crop protection products, and water management systems and equipment. It also provides agri and commercial business finance comprising asset finance, term loans, home loans, and seasonal finance products and services to rural and regional clients; and finance broking and agricultural advisory services. In addition, the company offers various insurance products, including business, crop, fire, farm, stud stock, hobby farm, home and contents, landlords, motor vehicle, travel, life, total and permanent disablement, income protection, trauma, superannuation, and business expenses. Further, it provides grain marketing services; water broking and other water related services; and commercial and residential property sales, and property management services. Ruralco Holdings Limited is based in Macquarie Park, Australia.
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