05 June, 2017
Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. The opposite would be the case for a falling ADX line.
Investors are watching Direxion Daily MSCI Brazil Bull 3X Shares (:BRZU) ahead of the market open as shares are gapping down -3.44% with the stock now sitting at $26.78.
Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) was the recipient of a significant decline in short interest in May. In general, if the indicator goes above -20, the stock may be considered overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The data is represented graphically by fluctuating between a value of 0 and 100. The normal reading of a stock will fall in the range of 30 to 70. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. A value of 25-50 would indicate a strong trend. The 14-day RSI is presently standing at 50.69, the 7-day is 47.88, and the 3-day is resting at 34.26.
Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) opened at 18.20 on Thursday. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. Moving average indicators are used widely for stock analysis.
The simple moving average is the most common method used to calculate the moving average of prices. Extending back, their 50-Day Simple Moving Average is -29.61%, looking even further back, their 200-Day Simple Moving Average stands at -29.35%.
