Reject Shop

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

-1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 9.0 0.43% 0.68% 3.9% -5.0% -64.2%
SHORT 45 9.7 0.60% 1.35% 2.3% -4.7% -31.5%

Summary

Technical Analysis

Reject Shop (TRS.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $2.09
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 -37. The bearish signal has been active for 72 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 |

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
AJX Alexium International 0.13 8.7 796,462 -57 BEARISH
SMN Structural Monitoring Systems 0.76 7.8 422,370 -125 BEARISH
EDE Eden Energy 0.03 7.1 1,425,845 -63 BEARISH
CAT Catuity 1.27 6.3 779,850 -39 BEARISH
NZM Nzme 0.49 5.4 65,620 -80 BEARISH
ATL ASX 20 0.41 5.1 164,830 -53 BEARISH
TZN Terramin Australia 0.07 4.5 71,684 -95 BEARISH
EVT Event Hospitality And Entertainment 12.73 3.9 92,164 -116 BEARISH
PLS Pilbara Minerals 0.71 3.7 4,759,525 -51 BEARISH
PSI Pacific Strategic Investments 2.5 3.7 2,239 -21 BEARISH