Silver Chef

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Commodity Channel Index

Score

-0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 9.3 0.41% 0.67% 3.4% -7.9% -151.1%
SHORT 42 9.0 0.64% 1.80% 5.2% -6.1% 50.2%

Summary

Technical Analysis

Silver Chef (SIV.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $0.72
Signal Strength: STRONG
Recommendation:

Silver Chef (ASX:SIV) current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is -43. During the quarter, the highest CCI value was 30. The last overbought signal occurred on Jan 3 2019


A bearish 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: 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

Download
Company Close Change(%) Volume Value Signal
OSH Oil Search 7.7 -0.6 2,004,730 -2 BEARISH CROSSOVER
AGL AGL Energy 22.3 -0.7 2,923,441 -11 BEARISH CROSSOVER
QMS Qms Media 0.7 -0.7 1,283,618 -88 BEARISH CROSSOVER
RFF Rural Funds 2.24 -1.3 191,615 -49 BEARISH CROSSOVER
QUB Qube Logistics 2.83 -1.7 1,699,140 -18 BEARISH CROSSOVER
CWY Cleanaway Waste Management 2.23 -1.8 3,373,435 -192 BEARISH CROSSOVER
IFN IFN 0.46 -2.2 526,325 -45 BEARISH CROSSOVER
MAH Macmahon 0.2 -2.5 349,042 -85 BEARISH CROSSOVER
SDG Sunland 1.62 -3 746 -33 BEARISH CROSSOVER
SYD Sydney Airport 7.51 -4 5,928,232 -36 BEARISH CROSSOVER