Zeolite Australia (ZEL.AX)
COMMODITY CHANNEL INDEX
Trading: BUY @ $6
Signal Strength: STRONG
Zeolite Australia (ASX:ZEL) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 2. During the quarter, the lowest CCI value was -408. The last oversold signal occurred on Apr 18 2019
A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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: Zeolite Australia (ZEL.AX)
Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |
Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.
Commodity Channel IndexDownload
|BAL Bellamys Australia||11.12||15.6||6,277,304||118||BULLISH|
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|CKF Collins Foods||7.62||5.2||433,211||115||BULLISH|
|PME Pro Medicus||18.71||4.8||285,946||10||BULLISH|
|MGX Mount Gibson Iron||1.16||4.5||4,798,264||157||BULLISH|
|GBT Gbst Holdings||2.65||4.3||90,949||43||BULLISH|
|BKY Berkeley Resources||0.39||4||116,776||15||BULLISH|