Southern Cross Media (SXL)

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Southern Cross Media (SXL): Signals

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TECHNICAL ANALYSIS SUMMARY

Southern Cross Media (SXL.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $1.13
Signal Strength: MEDIUM
Recommendation:

Southern Cross Media (ASX:SXL) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -74. The bearish signal has been active for 53 days. During the quarter, the highest CCI value was 11.


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: Southern Cross Media (SXL.AX)


Stock Exchange: ASX
Company: Southern Cross Media
Ticker Codes: | SXL.AX | ASX:SXL |

About Southern Cross Media (ASX:SXL):

Southern Cross Media Group Limited engages in the creation and broadcasting of content on free to air commercial radio, TV, and online media platforms in Australia. The company owns 140 radio stations across 68 markets; and owns 19 regional free to air television licenses that cover 30 regional sub markets. It provides online advertising and integration through approximately 85 Websites; and develops microsites, mobile apps, online videos, and social media campaigns for clients. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia.

Top 10:

Commodity Channel Index

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AXP Airxpanders Inc 0.04 20 3,531,549 -93 BEARISH
FIG Freedom Insurance 0.06 9.3 846,374 -66 BEARISH
MOY Millennium Minerals 0.2 8.1 273,345 -78 BEARISH
ELD ELD 7.44 5.5 1,017,702 -23 BEARISH
NWH NRW 1.77 5.1 1,466,791 -135 BEARISH
KGN Kogan 2.78 4.9 695,737 -56 BEARISH
GTN GTN Resources 2.04 4.6 34,507 -128 BEARISH
SHJ Shine Corporate 0.8 4.6 43,921 -36 BEARISH
RAP Resapp Health 0.12 4.5 1,368,870 -48 BEARISH
SHM Shriro 0.61 4.3 232,582 -34 BEARISH
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