Silver Chef (SIV)

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Silver Chef (SIV): Signals

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TECHNICAL ANALYSIS SUMMARY

Silver Chef (SIV.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $1.86
Signal Strength: MEDIUM
Recommendation:

Silver Chef (ASX:SIV) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -152. The bearish signal has been active for 15 days. During the quarter, the highest CCI value was 93.


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: Silver Chef (SIV.AX)


Stock Exchange: ASX
Company: Silver Chef
Ticker Codes: | SIV.AX | ASX:SIV |

About Silver Chef (ASX:SIV):

Silver Chef Limited engages in the rental and financing of commercial equipment in Australia, New Zealand, and Canada. It operates in two segments, Hospitality and GoGetta. The Hospitality segment provides equipment rental and financing solutions to small and medium sized businesses in the hospitality industry, such as coffee shops, takeaway stores, independently owned restaurants, and franchises. The GoGetta segment offers equipment rental and financing solutions to small and medium sized businesses in other industries, such as transport and construction sectors. The company offers funding solutions through Rent.Grow.Own and Rent-Try-Buy. It also offers new and used equipment, such as beverage, coffee, cooking, display, food-preparation, refrigeration, and washing, as well as miscellaneous equipment. Silver Chef Limited was founded in 1986 and is headquartered in West End, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
HSO Healthscope 2.13 19.3 32,276,763 -12 BEARISH
MUA Mitula 0.63 10.5 388,518 -176 BEARISH
AJX Alexium International 0.13 8.7 366,831 -121 BEARISH
HOM Homeloans 0.6 8.2 92,950 -40 BEARISH
IPD Impedimed 0.42 6.3 169,590 -47 BEARISH
AKP Audio Pixels Holdings 12.51 5.9 24,831 -70 BEARISH
EMH European Metals Holdings 0.42 5 113,806 -74 BEARISH
BAL Bellamys Australia 8.49 4.7 1,811,268 -126 BEARISH
FIG Freedom Insurance 0.09 4.6 311,520 -50 BEARISH
XIP Xenith Ip 1.27 4.1 572,542 -73 BEARISH
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