As you can see by the chart below, the Tenkan Line is quite different than a 9SMA. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Moving averages are considered to be lagging indicators meaning that they confirm trends.
Value investors may be scanning the shelves for bargain stocks. Investors will be watching to see how the stock will perform heading into the next quarter. As markets tend to move in cycles, it may be necessary to align the portfolio to the category that is best positioned to make consistent gains in the future. Active investors may choose to use this technical indicator as a stock evaluation tool. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another. In general, companies with the lowest combined rank may be the higher quality picks.
Investors may be studying other technical indicators like the Williams Percent Range or Williams %R.
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The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. iShares MSCI Russia ADR/GDR UCITS ETF USD (CRU1.L) now has a 14 day Williams %R of -5.06. The Williams %R oscillates in a range from 0 to -100. Lattice Hartford Multifactor US Equity ETF (ROUS)'s Williams %R presently stands at 0.00. A reading between 0 and -20 would point to an overbought situation. A reading under 30 would indicate oversold conditions. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend.
The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX is used to measure trend strength. The RSI is computed based on the speed and direction of a stock's price movement.
Currently, the 14-day ADX for iShares MSCI Global Silver Miners ETF (SLVP) is sitting at 13.44. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Keeping track of key economic data along with market trends and earnings information typically seems to be a boon to any strategy.
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Traders may be leaning on technical stock analysis to help with investing decisions.
Taking a look at the numbers, Cohen & Steers Total Return Realty Fund Inc (RFI) has a 14-day Commodity Channel Index (CCI) of 44.23. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was developed to typically stay within the -100 to +100 levels. The weekly steps can be used to determine a near-term trend. The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The 14-day RSI is presently standing at 51.18, the 7-day sits at 56.35, and the 3-day is resting at 76.17. 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. The RSI operates in a range-bound area with values between 0 and 100. Recently attention has been given to shares of SPDR S&P Emerging Asia Pacific ETF (:GMF) as the stock recently touched $94.48, a -0.21% move from the most recent open. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal. Different time periods may be used when using the RSI indicator. Technical traders may want to still keep tabs on the fundamentals, and vice-versa. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend.
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