23 August, 2017
Values can range from 0 to -100. If the price trends higher and the MFI trends lower (or vice versa), a reversal may be imminent.
Investors should however be wary of trading these levels blindly. Like the RSI, this indicator is best used in conjunction with another indicator as confirmation. Relative Strength Index (RSI) was 61.57. The RSI can help display whether the bulls or the bears are now strongest in the market. The RSI may be useful for spotting abnormal price activity and volatility. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. A reading over 70 would indicate that the stock is overbought, and possibly overvalued.
"2017 investment volumes are well on track to surpass those of 2016; although measures taken by the Chinese government to cool its property market may lead slowing second half volumes from China, there are many other Asian and European investors still eager to buy in the City". RSI can also be a valuable tool for trying to spot larger market turns.
Hong Kong and China Gas Co Ltd (HOKCY) now has a 14-day Commodity Channel Index (CCI) of -6.54. A reading between -80 to -100 may be typically viewed as strong oversold territory. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.
Zacks Investment Research upgraded shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) from a hold rating to a buy rating in a research note released on Friday morning. The 50-day is 1.91, and the 7-day is sitting at 1.86.
The stock's 50 day moving average is 14.67 and its 200 day moving average is 13.70.
Moving average indicators are commonly tracked by technical stock analysts. ADX is used to gauge trend strength but not trend direction. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points.
China United Network Communications jumped by the 10 per cent daily limit for a second straight day to 9.02 yuan in shanghai after unveiling a revamp plan to sell shares to private investors including Tencent and Alibaba in the latest shake-up of the nation's state-owned enterprises. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend.
India was Hong Kong's seventh-largest source of imports in first half of 2017, with the value amounting to Dollars 7.8 billion at a significant growth of 30.7 per cent year-on-year. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Williams %R was developed by Larry Williams. China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has risen 26.03% since August 22, 2016 and is uptrending.
