Tabcorp Holdings

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Commodity Channel Index

Score

0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 50 8.6 0.50% 0.93% 1.9% -1.5% 8.7%
SHORT 48 8.5 0.52% 1.04% 2.6% -2.2% 11.7%

Summary

Technical Analysis

Tabcorp Holdings (TAH.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $4.59
Signal Strength: STRONG
Recommendation:

Tabcorp Holdings (ASX:TAH) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 19. During the quarter, the lowest CCI value was -257. The last oversold signal occurred on Jun 7 2019


A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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: Tabcorp Holdings (TAH.AX)


Stock Exchange: ASX
Company: Tabcorp Holdings
Ticker Codes: | TAH.AX | ASX:TAH |

About Tabcorp Holdings (ASX:TAH):

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through three segments: Wagering and Media, Keno, and Gaming Services. The Wagering and Media segment conducts wagering activities under the TAB brand in Victoria, New South Wales (NSW), and the Australian Capital Territory (ACT) through a network of agencies, hotels, and clubs; provides on-course totalizators at thoroughbred, harness, and greyhound metropolitan and race meetings, as well as through Internet, mobile devices, phone, and pay TV; and offers totalizator and fixed odds betting products on racing and sporting events. This segment also operates Luxbet, a racing, sport, and novelty product bookmaking service by phone, Internet, and mobile devices; and Trackside, a computer simulated racing product in Victoria, NSW, and the ACT, as well as licenses Trackside. In addition, it operates three Sky Racing television channels broadcasting thoroughbred, harness and greyhound racing, and other sports; and Sky Sports radio network in NSW and the ACT. The Keno segment operates licensed venues and TABs in Victoria, Queensland, the ACT, and NSW. The Gaming Services segment supplies electronic gaming machines and gaming systems, as well as offers specialized services to licensed gaming venues, including monitoring services. Tabcorp Holdings Limited was founded in 1994 and is based in Melbourne, Australia.

Top 10:

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