Saracen Mineral (SAR)

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Saracen Mineral (SAR): Signals

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TECHNICAL ANALYSIS SUMMARY

Saracen Mineral (SAR.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $2.89
Signal Strength: MEDIUM
Recommendation:

Saracen Mineral (ASX:SAR) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 122. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -240.


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: Saracen Mineral (SAR.AX)


Stock Exchange: ASX
Company: Saracen Mineral
Ticker Codes: | SAR.AX | ASX:SAR |

About Saracen Mineral (ASX:SAR):

Saracen Mineral Holdings Limited engages in the gold mining business in Australia. It also explores for nickel deposits. The company holds 100% interest in the Carosue Dam operations located in north-east of Kalgoorlie, Western Australia. It also holds interests in Thunderbox operations located in the Yandal belt and the Agnew-Wiluna belt in the North Eastern Goldfields of Western Australia. Saracen Mineral Holdings Limited is headquartered in Perth, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
NZM Nzme 0.6 10.1 727,647 144 BULLISH
RND Rand Mining 2.55 8.5 7,333 181 BULLISH
BSE BSE 0.31 6.9 5,751,732 194 BULLISH
CIA Champion Iron 2.12 5 1,223,895 153 BULLISH
SMX Sms Management & Technology 0.56 4.7 622,801 33 BULLISH
OSP Osprey Medical 0.12 4.5 89,514 140 BULLISH
PRU Perseus Mining 0.48 4.3 4,667,981 141 BULLISH
SDG Sunland 1.62 4.2 54,190 429 BULLISH
ZIM Zimbabwe Platinum Mines 7.35 3.8 3,289 188 BULLISH
MMS Mcmillan Shakespeare 13.21 3.6 903,061 288 BULLISH
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