Zeolite Australia (ZEL)

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Zeolite Australia (ZEL): Signals

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TECHNICAL ANALYSIS SUMMARY

Zeolite Australia (ZEL.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $6
Signal Strength: STRONG
Recommendation:

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 |

About Zeolite Australia (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.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
BAL Bellamys Australia 11.12 15.6 6,277,304 118 BULLISH
TNG Tennant Creek Gold 0.13 13.6 1,108,745 171 BULLISH
ISD Isentia 0.22 12.8 1,311,704 107 BULLISH
ATM Aneka Tambang 1.1 8.9 1,350 48 BULLISH
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
IPD Impedimed 0.23 4.5 1,861,946 97 BULLISH
GBT Gbst Holdings 2.65 4.3 90,949 43 BULLISH
BKY Berkeley Resources 0.39 4 116,776 15 BULLISH
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