Economy

Trading Watch: Shares of Rent-A-Center Inc (RCII) Noted Over Chikou

The Balance Step reading takes into account the last 5 balance points of the weekly period plotted in step formation on a daily chart. Beginning with a solid approach can help ease the investor's initial foray into the stock market. As always, the values may need to be adjusted based on the specific stock and market.

Investors may be trying to define which trends will prevail in the second half of the year. Often times, investors may think they have everything in order, but they still come out on the losing end. Many investors may find out the hard way that there is no easy way to beat the markets. It is never a guarantee that a stock or an index will go up or down from one day to the next.

It is no secret that most investors have the best of intentions when diving into the equity markets. The 50-day is 0.69, and the 7-day is sitting at 0.76.

Investors may be looking to compare the current stock price of G-Pel International Inc (KGET) to some of its moving averages. The ATR is not used to figure out price direction, just to measure volatility. The data is represented graphically by fluctuating between a value of 0 and 100. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors. The Williams %R was developed by Larry Williams.

The Williams %R is created to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a momentum oscillator, the RSI operates in a set range.

Let's take a further look at the Average Directional Index or ADX. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. In some cases, MA's may be used as strong reference points for spotting support and resistance levels.

Currently, the 14-day ADX for Sunson Textile Manufacturer Tbk (SSTM.JK) is sitting at 10.95. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

A certain stock price rally by itself may not be sufficient evidence when making important investing decisions.

Ishares Trust S & P Global 100 (IOO) presently has a 14-day Commodity Channel Index (CCI) of 172.05. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. A reading between -80 to -100 may be typically viewed as strong oversold territory.

Active traders have a wide variety of technical indicators at their disposal for completing technical stock analysis. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. A reading under 30 would indicate oversold conditions.

At present levels, traders are keeping a close eye on shares of Salt Lake Potash Ltd (SO4.AX).

Checking on current RSI levels on shares of AVJennings Ltd (A05.SI), the 14-day RSI is now standing at 55.96, the 7-day is at 54.09, and the 3-day is resting at 58.15. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. This range falls on a scale between 0 and 100. Remember a SMA (simple moving average) will smooth out all the data and make it equal but the Tenkan Line will take the highest high and lowest low over the last 9 periods. CCI generally measures the current price relative to the average price level over a specific time period. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold.



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