15 August, 2017
The ASX listed company saw a recent bid of 46.04 and 711 shares have traded hands in the session. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
The most basic theory of this indicator is that if the price is above the cloud, the overall trend is bullish while below the cloud is bearish, and in the cloud is non-biased or unclear. For traders looking to capitalize on trends, the ADX may be an essential technical tool. However, it is important to not use the Tenkan line as a gauge of the trend but more so the momentum of the move. Taking a look at the relative strength indictor, we note that the 14-day RSI is now at 51.28, the 7-day stands at 54.59, and the 3-day is sitting at 58.12. Many traders will do numerous chart studies to find out which indicator or indicators tend to project the most relevant trading assistance. 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.
The Williams Percent Range or Williams %R is another technical indicator worth checking out. iShares Currency Hedged MSCI Europe Small-Cap ETF (HEUS) now has a 14 day Williams %R of -2.70. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). The Williams %R was developed by Larry Williams. As a momentum oscillator, the RSI operates in a set range.
iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index). Many investors will opt to pick certain stocks based on fundamental analysis, and then use technical charts to figure out the proper time to make a move. The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength.
Currently, the 14-day ADX for iShares Edge MSCI Min Vol Emerging Markets ETF (EEMV) is sitting at 22.44. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is used to measure trend strength. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Edwards & Company Inc. now owns 23,292 shares of the exchange traded fund's stock worth $833,000 after buying an additional 318 shares during the last quarter. 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. Values can range from 0 to -100. Many traders keep an eye on the 30 and 70 marks on the RSI scale. As a general rule, an RSI reading over 70 would signal overbought conditions. Alternately, if the indicator goes below -80, this may point to the stock being oversold.
