Silver Chef (SIV)

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Silver Chef (SIV): Signals

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TECHNICAL ANALYSIS SUMMARY

Silver Chef (SIV.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $2
Signal Strength: MEDIUM
Recommendation:

Silver Chef (ASX:SIV) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 1. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was 1.


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

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Company Close Change (%) Volume Value Signal
EMH European Metals Holdings 0.4 25 64,019 286 BULLISH
CLQ Clean Teq Holdings 0.5 12.4 2,443,784 289 BULLISH
FBR Fastbrick Robotics 0.12 9.1 8,397,122 119 BULLISH
MOY Millennium Minerals 0.21 7.9 2,367,754 159 BULLISH
VTG Vita 1.16 6.9 644,761 272 BULLISH
IRI Integrated Research 2.3 5 2,143,070 130 BULLISH
SXY Senex Energy 0.33 4.8 7,225,917 116 BULLISH
AVJ Av Jennings Homes 0.58 4.5 231,276 185 BULLISH
WHC Whitehaven Coal 4.71 3.7 11,605,718 168 BULLISH
RIC Ridley Corporation 1.44 3.6 292,560 342 BULLISH
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