[NEUTRAL]: Saracen Mineral current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is 9. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -127.
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;
Commodity Channel IndexDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|LAU Lindsay Australia||0.39||5.4||195,926||-187||BULLISH|
|CAJ Capitol Health||0.31||3.3||1,059,044||-112||BULLISH|
|FIG Freedom Insurance||0.39||2.6||103,956||-124||BULLISH|
|OGC Oceanagold Corporation||3.91||2.4||525,758||-222||BULLISH|
|PNC Pioneer Credit||3.13||2.3||82,002||-110||BULLISH|
|ALK Alkane Exploration||0.22||2.3||786,764||-136||BULLISH|