Economy

SML Corp Ltd (SOP.AX) A Look Inside the Technicals

When companies gear up to release the next round of quarterly earnings results, investors will be closely watching to see how profitable the overall quarter was. The benefit of the Schaff Trend Cycle is that it is meant to be quicker than the standard macd and stochastic signals. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. The STC indicator fluctuates between 0 and 100.

Taking a look at another technical level, Synex International Inc (SXI.TO) presently has a 14-day Commodity Channel Index (CCI) of 22.76. The CCI was created to typically stay within the reading of -100 to +100. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

The 14-day RSI is still a widely popular choice among technical stock analysts.

Currently, the 14-day ADX for PAN MALAYSIA CORPORATION BERHAD (4081.KL) is sitting at 22.28. A value of 25-50 would support a strong trend. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Chart analysts may also use the indicator to project possible price reversals and to define trends.

Interested traders may be keeping an eye on the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. Anchun International Hldgs Ltd (BTX.SI)'s Williams Percent Range or 14 day Williams %R presently is at -86.67. The normal reading of a stock will fall in the range of 30 to 70. Alternately, if the indicator goes below -80, this may point to the stock being oversold. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. As a momentum oscillator, the RSI operates in a set range. The data is represented graphically by fluctuating between a value of 0 and 100. Different time periods may be used when using the RSI indicator.

Let's take a further look at the Average Directional Index or ADX. In terms of Moving Averages, the 50-day is 3.17, the 200-day is at 2.63, and the 7-day is 3.23. Moving averages are a popular trading tool among investors. The moving average can be used as a reference point to help discover buying and selling opportunities. MA's may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock.

One technical indicator that may assist in measuring the strength of market momentum is the Average Directional Index or ADX.

As soon as an individual decides what they want out of their investments, they can start formulating the best way to accomplish those goals. As always, the values may need to be adjusted based on the specific stock and market.

Traders may be leaning on technical stock analysis to help with investing decisions. Investors that are looking for longer term value may find that a panic sell-off is the flawless chance to get into a stock that has just suffered a temporary setback. Understanding volatility and market fluctuations can help the investor gauge their risk tolerance in the markets.



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