|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Rio Tinto (RIO.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $97.69
Signal Strength: MEDIUM
Rio Tinto (ASX:RIO) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -50. The bearish signal has been active for 20 days. During the quarter, the highest CCI value was 251.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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: Rio Tinto (RIO.AX)
Stock Exchange: ASX
Company: Rio Tinto
Ticker Codes: | RIO.AX | ASX:RIO |
Rio Tinto Limited engages in finding, mining, and processing mineral resources primarily in Australia and North America. It offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, thermal and metallurgical coal, uranium, silver, molybdenum, sulphuric acid, rhenium, lead carbonate, selenium, ductile iron, steel billets, metal powders, and zircon. The company also operates in Asia, Europe, Africa, and South America. Rio Tinto Limited was incorporated in 1959 and is headquartered in Melbourne, Australia.
|SMX Sms Management & Technology||0.43||7.5||40,000||75||BULLISH CROSSOVER|
|GXY Galaxy Resources||1.09||5.3||5,126,577||-113||BULLISH CROSSOVER|
|DDR Dicker Data||6.9||3.8||66,081||36||BULLISH CROSSOVER|
|TGP Trafalgar||1.12||2.3||109,254||14||BULLISH CROSSOVER|
|OPT Opthea||3.36||1.8||202,042||93||BULLISH CROSSOVER|
|SXY Senex Energy||0.35||1.5||8,526,323||30||BULLISH CROSSOVER|
|CIM Cimic||27.58||1.4||546,086||-101||BULLISH CROSSOVER|
|MNY Money3||3.03||1.3||363,089||60||BULLISH CROSSOVER|
|GNG GR Engineering Services||0.89||1.1||35,135||-113||BULLISH CROSSOVER|
|RFF Rural Funds||2.08||1||379,441||-106||BULLISH CROSSOVER|