Washington H Soul Pattison & Co (SOL.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $28.93
Signal Strength: MEDIUM
Washington H Soul Pattison & Co (ASX:SOL) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -86. The bearish signal has been active for 10 days. During the quarter, the highest CCI value was 223.
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: Washington H Soul Pattison & Co (SOL.AX)
Stock Exchange: ASX
Company: Washington H Soul Pattison & Co
Ticker Codes: | SOL.AX | ASX:SOL |
Washington H. Soul Pattinson and Company Limited, together with its subsidiaries, engages in the ownership of shares, coal mining, gold and copper mining and refining, property investment, and consulting businesses. The company operates through Investing Activities, Energy, Copper and Gold Operations, Corporate Advisory, and Property segments. The Investing Activities segment invests in cash, term deposits, and diversified equity investments portfolio. The Energy segment engages in the coal, oil, and gas activities, which include exploration, development, production, processing, associated transport infrastructure, and ancillary activities. The Copper and Gold Operations segment is involved in the copper and gold mining activities that include exploration, mining, and processing of ore into copper concentrate, copper sulphide, and gold. The Property segment engages in the identification, investment, management, and rental of real estate properties. The company was founded in 1872 and is based in Sydney, Australia.
Commodity Channel IndexDownload
|ONE Oneview Healthcare||0.4||8.1||24,577||-71||BEARISH|
|SAS Sky And Space Global||0.03||7.4||1,536,383||-78||BEARISH|
|TRS Reject Shop||2.64||7.3||58,405||-137||BEARISH|
|MLX Metals X||0.23||7.1||6,862,209||-114||BEARISH|
|EMH European Metals Holdings||0.3||7.1||10,000||-177||BEARISH|
|SYR Syrah Resources||1.05||6.1||5,208,632||-88||BEARISH|
|GTN GTN Resources||1.28||4.1||1,557||-64||BEARISH|