Economy

Watching Shares of Advantage Oil & Gas Ltd (AAV) — Technical Focus

Trading volume for Advantage Oil & Gas Ltd Ordina was 93K by the end of trading on Friday. Exane Asset Management now owns 120,600 shares with a value of $815,845,000.

Bollinger Bands are a technical analysis tool, specifically they are a type of trading band or envelope. Trading bands and envelopes serve the same goal, they provide relative definitions of high and low that can be used to create rigorous trading approaches, in pattern recognition, and for much more. Finally, Royal Bank Of Canada downgraded Advantage Oil & Gas from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $12.00 to $11.00 in a research report on Thursday, July 20th.

As a market becomes volatile, its Bollinger bands will expand (referred to as expansion); as it flattens out they will contract (contraction). They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Investors might also notice that three month ago the Buy recommendations (0) were less than Sell recommendations (1).

Interested traders may be keeping an eye on the Williams Percent Range or Williams %R.

Digging deeping into the Oil and Natural Gas Corporation Ltd (ONGC.NS) 's technical indicators, we note that the Williams Percent Range or 14 day Williams %R now sits at -17.20. Volume was down 0.09% under the stocks average daily volume. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". Advantage Oil & Gas Ltd (AAV)'s Williams Percent Range or 14 day Williams %R now sits at -46.51. Oil and Natural Gas Corporation Ltd (ONGC.BO) now has a 14 day Williams %R of -21.94. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would signal an oversold situation. ADX is used to gauge trend strength but not trend direction. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend.

There are often many decisions that will need to be made when setting up a plan to start investing in stocks.

11/04/2016 - Advantage Oil & Gas Ltd had its "outperform" rating reiterated by analysts at Scotiabank. Typically, the CCI oscillates above and below a zero line. In general, if the indicator goes above -20, the stock may be considered overbought. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The NSE listed company saw a recent bid of 162.55 and 642531 shares have traded hands in the session. The current 14-day RSI is presently sitting at 51.13, the 7-day is 53.76, and the 3-day is 46.56. The RSI oscillates on a scale from 0 to 100. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. The opposite is the case when the RSI line is heading lower. The RSI may be more volatile using a shorter period of time. Technical traders may want to still keep tabs on the fundamentals, and vice-versa. 28,970 shares of the company's stock were exchanged.



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