Consumer Confidence Index (CCI)
A survey by the Conference Board that measures how optimistic or pessimistic consumers are with respect to the economy in the near future. Investopedia Says:
The idea is that if the consumers are optimistic, they will tend to purchase more goods and services. This increase in spending will inevitably stimulate the whole economy. Related Terms:
Conference Board
Expectations Index
Michigan Consumer Sentiment Index
Present Situation Index Commodity Channel Index (CCI)
An oscillator used in technical analysis to help determine when an investment vehicle has been overbought and oversold. The Commodity Channel Index, first developed by Donald Lambert, quantifies the relationship between the asset's price, a moving average (MA) of the asset's price, and normal deviations (D) from that average. It is computed with the following formula:
Investopedia Says:
The CCI has seen substantial growth in popularity amongst technical investors; today's traders often use the indicator to determine cyclical trends in not only commodities, but also equities and currencies.
The CCI, when used in conjunction with other oscillators, can be a valuable tool to identify potential peaks and valleys in the asset's price, and thus provide investors with reasonable evidence to estimate changes in the direction of price movement of the asset. Related Terms:
Channel
Horizontal Channel
Indicator
Mechanical Investing
Oscillator
Relative Strength Index - RSI
Technical Analysis
Trend Analysis |