Whether or not this should be a cause for concern for investors is yet to be seen.
A common look back period is 14 days. Traders may use the indicator to determine if a stock is trending or to spot overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. A reading from -80 to -100 would signal an oversold situation.
The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength.
Shares last traded at $15.06 which is just under the 50 day moving average which is $15.56 and which is marginally lower than the 200 day moving average of $15.76. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. Checking in on some other technical levels, the 14-day RSI is now at 48.01, the 7-day stands at 42.14, and the 3-day is sitting at 27.91.
The Relative Strength Index (RSI) is a highly popular technical indicator. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. Tracking the technicals and staying up on the fundamentals should help investors hone in on the next wave of stocks to add to the portfolio. For traders looking to capitalize on trends, the ADX may be an essential technical tool. ADX is used to gauge trend strength but not trend direction. CCI generally measures the current price relative to the average price level over a specific time period. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. The 14-day ADX is 23.99. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. 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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Balaji Telefilms Limited (BALAJITELE.NS)'s 14-day RSI is presently resting at 39.51. The RSI is computed base on the speed and direction of a stock's price movement. Values can span from 0 to -100. Many traders keep an eye on the 30 and 70 marks on the RSI scale. ProShares German Sovereign/Sub-Sovereign ETF (GGOV) now has a 14-day Commodity Channel Index (CCI) of 153.74. Pacific Alternative Asset Management Company Llc acquired 12,370 shares as Visa Inc (V)'s stock rose 5.74%. Despite the name, CCI can be used on other investment tools such as stocks. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. CCI may also be used to help discover divergences that could possibly signal reversal moves.
Shares of Anavex Life Sciences Corp (AVXL) have a 7-day moving average of 3.73. The 50-day is 156.00, and the 7-day is sitting at 164.41.
Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Many chart analysts believe that an ADX reading above twenty five would suggest a strong trend.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. A value between 0 to -20 would indicate a strong overbought condition.