02 June, 2017
Shopify Inc (SHOP.TO) now has a 14-day Commodity Channel Index (CCI) of 8.05. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The CCI technical indicator can be used to help determine if a stock is overbought or oversold.
Take Solutions Ltd's Williams Percent Range or 14 day Williams %R now sits at -61.97. Normal oscillations tend to stay in the range of -100 to +100. A value between 0 to -20 would represent a strong overbought condition. A reading from -80 to -100 would indicate an oversold situation. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors.
Currently, the 14-day ADX for Hafary Holdings Ltd (5VS.SI) is sitting at 15.96. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Some analysts believe that the ADX is one of the best trend strength indicators available. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. RSI measures the magnitude and velocity of directional price movements. The RSI operates in a range-bound area with values between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. Moving average indicators are popular tools for stock analysis. Alternately, if the indicator goes under -80, this may show the stock as being oversold. After a recent check, the 50-day Moving Average is 107.44, the 200-day Moving Average is 73.54, and the 7-day is noted at 123.03. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Many investors opt to follow what covering sell-side analysts think about certain stocks. Technical traders may want to still keep tabs on the fundamentals, and vice-versa.
Needle moving action has been spotted in Come Sure Group Holdings Ltd (0794.HK) as shares are moving today on volatility -1.49% or -0.01 from the open. The HKSE listed company saw a recent bid of $0.78 and 5000 shares have traded hands in the session. After a recent check, the 14-day RSIfor White Rock Minerals Ltd (WRM.AX) is now at 51.70, the 7-day stands at 55.45, and the 3-day is sitting at 68.67. Sometimes stocks that look too good to be true actually are, and those that are actually very good may not look that enticing.
Keeping watch on technicals may involve many different plans and scenarios. Most signs seem to be pointing in the right direction as investors keep concentrating on superior returns from the stock market. Whatever the strategy, investors will no doubt be searching far and wide for consistent outperformers.
Sodastream International Ltd (SODA) has a current 14 day Williams %R reading of -48.27. At the time of writing, the 14-day ADX for Shopify Inc (SHOP.TO) is 28.38.
Currently, the 14-day ADX for Arnold Holdings Ltd (ARNOLD.BO) is sitting at 52.21.
