04 July, 2017
Typically, the CCI oscillates above and below a zero line. The normal reading of a stock will fall in the range of 30 to 70. A reading from -80 to -100 would signal an oversold situation. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. In some cases, MA's may be used as strong reference points for finding support and resistance levels.
Shares of SpectraScience Inc (SCIE) have a 7-day moving average of 0.00.
Checking in on some other technical levels, the 14-day RSI is now at 27.22, the 7-day stands at 19.73, and the 3-day is sitting at 7.83. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. Other technical analysts have built upon the work of Wilder. RSI measures the magnitude and velocity of directional price movements. The Williams %R oscillates in a range from 0 to -100. The indicator is computed by using the average losses and gains of a stock over a certain time period. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. (NYSEARCA:URTH) news were published by: Bloomberg.com which released: "NYSE Arca Loses 50 of BlackRock's ETF Listings to Rival Exchanges" on July 03, 2017, also Nasdaq.com with their article: "Harbour Capital Advisors, LLC Buys iShares MSCI EAFE, Apple Inc, Exxon Mobil ..." published on June 20, 2017, Gurufocus.com published: "TrueNorth, Inc". A level of 50 would indicate neutral market momentum.
Taking a closer look from a technical standpoint, Vanguard FTSE Emerging Markets UCITS ETF USD (VFEM.L) presently has a 14-day Commodity Channel Index (CCI) of -94.54. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Levels above -20 may indicate the stock may be considered is overbought.
Here we will take a look at the ADX reading on shares of SpectraScience Inc (SCIE). Some analysts believe that the ADX is one of the best trend strength indicators available. ADX calculations are made based on the moving average price range expansion over a specified amount of time. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.
Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. A score of nine indicates a high value stock, while a score of one indicates a low value stock. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. After identifying the sector or sectors, investors may then do further analysis of stocks within the specific industry in order to find firms that are successful and primed for growth. Figuring out which ones are going to steadily outperform can be a tricky task. On the flip side, investors may also have to deal with cutting ties with a losing stock. Following analyst updates to estimates and targets may help gauge overall stock sentiment. Technical traders may want to still keep tabs on the fundamentals, and vice-versa.