Economy

Watching the Tape Move for YPB Group Ltd

This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. It offers a deeper insight into the balance of power between so called bulls and bears than the original MACD. The ADX alone measures trend strength but not direction.

The difference is represented by vertical lines in a series. Taking a step further, the MACD-Histogram, which was developed by Thomas Aspray in 1986, measures the distance between MACD and its signal line (the 9-day EMA of MACD). Hence, it is also known as an "oscillator". A 9-day dotted exponential moving average of the MACD (the "signal" line) is then plotted on top of the MACD.

Investors watching recent action on shares of Empire State Realty Trust Inc (ESRT) may be looking to check in on some technical levels. Narrowing in on Moving Averages, the 200-day for Applied Optoelectronics Inc (AAOI) is at 51.86, the 50-day is 72.69, and the 7-day is resting at 57.43. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. Using the moving average for technical equity analysis is still very popular among traders and investors.

Moving average indicators are used widely for stock analysis.

Greenspace Brands Inc (JTR.V)'s Williams Percent Range or 14 day Williams %R presently is at -42.11. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors. A reading between 0 and -20 would point to an overbought situation. On the other hand, a reading of -100 would indicate that the stock is oversold. The Williams %R was developed by Larry Williams. 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.

In terms of CCI levels, SKP RESOURCES BHD (7155.KL) now has a 14-day Commodity Channel Index (CCI) of 197.24. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. On the flip side, an RSI near 0 may signal weaker momentum. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions. The 14-day RSI is now spotted at 65.80, the 7-day is at 69.31, and the 3-day is sitting at 80.13. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. ADX is used to gauge trend strength but not trend direction. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. Being a momentum indicator, the Money Flow Index (MFI) is capable evaluating overbought and oversold market conditions, using values of 70-80 and above for overbought conditions and 20 and below for oversold situations. Values can range from 0 to -100. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor YPB Group Ltd (YPB.AX) is now at 49.82, the 7-day stands at 58.67, and the 3-day is sitting at 67.25.

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