Reject Shop (TRS)

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Reject Shop (TRS): Signals

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TECHNICAL ANALYSIS SUMMARY

Reject Shop (TRS.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $2.76
Signal Strength: MEDIUM
Recommendation:

Reject Shop (ASX:TRS) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 31. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -531.


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: 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
SHV Select Harvests 6.25 6.3 276,133 140 BULLISH
YAL Yancoal Australia 3.53 5.4 5,767 92 BULLISH
TME Trade Me 6.09 4.6 6,925,111 118 BULLISH
GCY Gascoyne Resources 0.12 4.5 1,243,150 38 BULLISH
ORG Origin Energy 7.11 3.6 9,320,289 154 BULLISH
MUA Mitula 0.79 3.3 7,502,262 110 BULLISH
SGP Stockland 3.82 3.2 7,256,399 85 BULLISH
MCY Mighty River Power 3.5 2.9 5,067 183 BULLISH
MEZ Meridian Energy 3.15 2.6 37,999 102 BULLISH
IFT Infratil 3.59 2.6 3,501 233 BULLISH
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