Reject Shop (TRS)

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Reject Shop (TRS): Signals

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TECHNICAL ANALYSIS SUMMARY

Reject Shop (TRS.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $2.72
Signal Strength: MEDIUM
Recommendation:

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 -78. The bearish signal has been active for 17 days. During the quarter, the highest CCI value was 216.


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 |

About Reject Shop (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.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
LOV Lovisa 9.3 20.2 1,518,896 -40 BEARISH
NWH NRW 2.28 9.6 3,181,761 -3 BEARISH
NEA Nearmap 2.57 7.5 3,461,849 -76 BEARISH
RSG Resolute Mining 1.15 6.5 9,128,506 -177 BEARISH
BSA Broadcast Services Australia 0.29 5.6 67,709 -61 BEARISH
CLQ Clean Teq Holdings 0.33 4.8 1,404,811 -4 BEARISH
OSP Osprey Medical 0.11 4.8 5,000 -127 BEARISH
SAR Saracen Mineral 3.05 4.8 5,818,759 -135 BEARISH
SGM Sims 11.66 4.7 1,667,336 -101 BEARISH
PNR Pacific Niugini Minerals 0.25 4.2 1,178,071 -90 BEARISH
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