[BULLISH]: Southern Cross Media current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -123. The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -191.
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;
Commodity Channel IndexDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|MGC Mg Unit Trust||0.33||4.8||615,817||111||BEARISH|
|MLX Metals X||0.67||4.7||1,243,653||119||BEARISH|
|TNG Tennant Creek Gold||0.12||4.5||309,104||113||BEARISH|
|MOY Millennium Minerals||0.19||2.8||380,212||116||BEARISH|
|BFG Bell Financial||0.94||2.2||282,969||158||BEARISH|
|ARF Arena Reit||2.2||1.9||113,892||121||BEARISH|
|BSL Bluescope Steel||18.83||1.8||1,783,726||130||BEARISH|
|MMS Mcmillan Shakespeare||16.37||1.5||145,661||125||BEARISH|