Economy

ProShares S&P 500 Ex-Technology ETF (SPXT) Moving -0.66% in Session

The 14-day ADX for iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) is now at 17.23. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

The MACD is calculated by subtracting the value of a 26-day exponential moving average from a 12-day exponential moving average. Bill Williams developed this indicator on the basis of earlier existed MACD and made a number of changes. The Awesome Oscillator is created using the difference between the 34-period and 5-period simple moving averages of the bar's midpoints (H+L)/2. It illustrates what's happening to the market driving force at the present moment. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Of course, this will result is many false signals in flat or choppy markets. Traders following this indicator will be looking for signs of bearish momentum. Currently, iShares Core S&P US Total Market Index ETF (XUU.TO) has a 14-day Commodity Channel Index (CCI) of -24.10. Active investors may choose to use this technical indicator as a stock evaluation tool. The CCI was developed by Donald Lambert. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. 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. On the flip side, an RSI near 0 may signal weaker momentum.

A commonly used tool among technical stock analysts is the moving average. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. 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. Currently, the 200-day MA is sitting at 138.85. After a recent check, the 14-day RSI for S&P 500 Short Etf is now at 33.24, the 7-day stands at 21.37, and the 3-day is sitting at 7.12.

The RSI, or Relative Strength Index is another popular oscillating indicator among traders and investors. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. A reading under 30 would indicate oversold conditions.

iShares Global Infrastructure Index ETF (CIF.TO)'s Williams Percent Range or 14 day Williams %R presently is at -71.05. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

Taking a quick look at technical levels and trend lines, we see that the stock has a 14-day ADX of 20.77.

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. RSI can be used to detect general trends as well as finding divergences and failure swings. CCI generally measures the current price relative to the average price level over a specific time period. This range falls on a scale between 0 and 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower.

Currently, the 14-day ADX for Fanhua Inc (FANH) is sitting at 25.50. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.



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