Economy

Share Activity Lifted for IDT Australia Ltd (IDT.AX) in Session

A popular indicator among technical analysts that can help to measure the strength of market momentum is the Average Directional Index or ADX. 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 author states that because the average's fallback is slow, trading systems can be created with nearly whipsaw-free trades.

Often times, investors may become anxious when the stock market is highly volatile. Keeping a close watch on earnings beats may help investors catch the wave early enough to secure some future profits. Investors often look to pounce on any opportunity in the stock market. This may include following fundamental and technical information, and it may also include following analyst projections.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. In some cases, MA's may be used as strong reference points for finding support and resistance levels.

Digging deeping into the SATHAVAHANA ISPAT LTD. (SATHAISPAT.BO) 's technical indicators, we note that the Williams Percent Range or 14 day Williams %R now sits at -36.32. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend.

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

Currently, the 14-day ADX for China NT Pharma Group Co Ltd (1011.HK) is sitting at 12.87. The ADX was created by J. Welles Wilder to help determine how strong a trend is.

Investors have the ability to employ technical indicators when undertaking stock research.

Taking a closer look from a technical standpoint, GreaterChina Professional Services Ltd (8193.HK) presently has a 14-day Commodity Channel Index (CCI) of 145.60. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well.

Tracking other technical indicators, the 14-day RSI is presently standing at 63.80, the 7-day sits at 71.89, and the 3-day is resting at 77.76 for Shopping Centres Australasia Property Group Re Ltd (SCP.AX). This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Values can range from 0 to -100. The RSI operates in a range-bound area with values between 0 and 100. A level of 50 would indicate neutral market momentum. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The RSI was developed by J. Welles Wilder in the late 1970's. Looking at some moving average levels on shares of Barrick Gold Corporation (ABR.DE), the 200-day is at 15.65, the 50-day is 14.29, and the 7-day is sitting at 15.15. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.



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