Economy

Watching Shares of Oil-Dri Corporation of America (ODC) — Technical Focus

Monitoring the technical signals for Rave Restaurant Group Inc (RAVE), we have recently viewed the Percentage Price Oscillator Histogram line above zero. A reading between 0 and -20 would indicate an overbought situation.

A technical indicator to check out is the Williams Percent Range or Williams %R. 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. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. Sunshine Bancorp Inc (SBCP)'s Williams Percent Range or 14 day Williams %R now sits at -62.17. To understand whether buying a stock at a higher price is justified by its long-term return potential, it is necessary to keep the finger on the pulse of underlying fundamentals. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

Taking a peek at some additional moving average levels on shares of ICBCCS WisdomTree S&P China500 UCITS ETF B USD Dis (CHIP.L), the 200-day is at 873.71, the 50-day is 951.07, and the 7-day is sitting at 993.64. Moving averages can be used to help filter out the day to day noise created by other factors. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action. The Mesa Moving Average was first mentioned by John Ehlers in a paper published in a 2001 edition of Technical Analysis of Stocks and Commodities Magazine. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. 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 average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. ADX is charted as a line with values ranging from 0 to 100.

Currently, the 14-day ADX for STL GLOBAL LTD. (SGL.BO) is sitting at 24.55. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. Presently, Db X Trackers Msci India Trn Index ETF (XCS5.L) has a 14-day Commodity Channel Index (CCI) of 92.05. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, an RSI near 0 may signal weaker momentum. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.

Tracking other technical indicators, the 14-day RSI is presently standing at 52.94, the 7-day sits at 49.93, and the 3-day is resting at 43.32. The Williams %R oscillates in a range from 0 to -100.

Investors are paying close attention to the charts of Hexaware Technologies Ltd. (HEXAWARE.NS), as the shares are holding above the MACD Histogram zero line. The opposite is the case when the RSI line is heading lower. If the RSI is closer to 100, this may indicate a period of stronger momentum. The RSI may be useful for spotting abnormal price activity and volatility. Many traders keep an eye on the 30 and 70 marks on the RSI scale. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. Traders may use these levels to help identify stock price reversals.



Like this

Latest


13 September 2017
DISH Network Corporation (DISH) Rating Reiterated by Wells Fargo & Company
It improved, as 59 investors sold SBUX shares while 450 reduced holdings. 61 funds opened positions while 149 raised stakes. The stock of DISH Network Corp (NASDAQ: DISH ) earned "Equal Weight" rating by Barclays Capital on Thursday, February 23.

13 September 2017
Global Oil Supply Edged Lower in August
The IEA revised down the global refinery throughput forecast for the third quarter of 2017 by 0.7 million bpd due to Harvey. Compliance with agreed production cuts among the 12 members bound by the pact rose to 82 per cent from 75 per cent in July.

13 September 2017
GA Gov. expands state of emergency to entire state
Georgia Governor Nathan Deal has extended the State of Emergency for 64 additional counties, bringing the total to 94 counties. While this is much less unsafe , it has still forced many school systems across the state to close.

13 September 2017
India to Submit 'Memorial' to ICJ in Jadhav Case on Wednesday
We should not comment on it. "The matter is in the court and we hope that we will get justice", he said. The International Court of Justice restrained Pakistan from executing the Indian national on May 18.

13 September 2017
The Papa John's Int'l, Inc
The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.64 by $0.01. Finally, KeyCorp restated an "equal weight" rating on shares of Papa John's worldwide in a report on Tuesday, June 20th.

13 September 2017
VACC prepares for House hearing on impeachment raps vs CJ Sereno
Lourdes Sereno as it began on Wednesday deliberations on whether the complaints filed were "sufficient in form and substance". The statement said the Chief Justice is just awaiting a copy of the complaint, and will file her response to the Committee.

13 September 2017
Calpine Corporation (NYSE:CPN) Sees Significantly Higher Trading Volume
Following the completion of the transaction, the director now owns 344,835 shares of the company's stock, valued at $5,075,971.20. Currently, 494.95 million total shares are owned by the public and among those 0 million shares have been available to trade.

13 September 2017
Putin warns North Korea it could become like Iraq
Two previously installed ones are already operational on an old golf course, located about 18 km north of Seongju. North Korea says it needs to develop its weapons to defend itself against what it sees as USA aggression.

13 September 2017
Health insurer Centene to buy Fidelis Care for $3.75 bln
Centene, which trades on the New York Stock Exchance, will continue to operate the business under the Fidelis Care name. Fidelis said Centene shares its mission of providing high quality, accessible care to all, especially the underserved.

13 September 2017
FPL: We will not shut down power to customers
Lucie, is on a barrier island on the east coast about 120 miles (193 km) north of Miami. Florida Power & Light announced Thursday it will shut down the Turkey Point and St.



Recommended