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:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $1.12
Signal Strength: MEDIUM
Recommendation:

Southern Cross Media (ASX:SXL) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 109. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -86.


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: 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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Company Close Change (%) Volume Value Signal
CTD Corporate Travel Management 28.81 14.7 1,727,133 55 BULLISH CROSSOVER
PRU Perseus Mining 0.44 6 5,131,036 11 BULLISH CROSSOVER
GSW Getswift 0.48 4.3 174,155 -107 BULLISH CROSSOVER
SHJ Shine Corporate 0.67 3.1 20,345 1 BULLISH CROSSOVER
HUO Huon Aquaculture 5.08 2 42,658 76 BULLISH CROSSOVER
ALU Altium 33.19 1.9 1,139,256 28 BULLISH CROSSOVER
SDG Sunland 1.5 1.4 76,058 79 BULLISH CROSSOVER
LVH Livehire 0.58 0.9 338,851 66 BULLISH CROSSOVER
ARG Argo Investments 7.7 0.8 135,943 1 BULLISH CROSSOVER
SNZ Summerset Holdings 6.1 0.7 2,921 159 BULLISH CROSSOVER
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