Reject Shop (TRS.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $4.43
Signal Strength: MEDIUM
Reject Shop (ASX:TRS) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -233. The bearish signal has been active for 52 days. During the quarter, the highest CCI value was -37.
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: Reject Shop (TRS.AX)
Stock Exchange: ASX
Company: Reject Shop
Ticker Codes: | TRS.AX | ASX:TRS |
The Reject Shop Limited operates in the discount variety retail sector in Australia. The company retails various general consumer merchandise, including toiletries, cosmetics, homewares, personal care products, hardware, basic furniture, household cleaning products, kitchenware, confectionery, and snack foods; and lifestyle and seasonal merchandise, such as seasonal gifts, cards and wrappings, toys, leisure items, and home decorations. It operates approximately 345 stores. The Reject Shop Limited was founded in 1981 and is headquartered in Kensington, Australia.
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