Villa World (VLW.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $1.965
Signal Strength: MEDIUM
Villa World (ASX:VLW) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -77. The bearish signal has been active for 154 days. During the quarter, the highest CCI value was 43.
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: Villa World (VLW.AX)
Stock Exchange: ASX
Company: Villa World
Ticker Codes: | VLW.AX | ASX:VLW |
Villa World Limited develops and sells residential land in Australia. It operates through two segments, Property development and construction - New South Wales and Queensland, and Property development and construction ? Victoria. The company also develops, constructs, and sells house and land packages. Villa World Limited was founded in 1986 and is headquartered in Broadbeach, Australia.
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