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Amcor Ltd (AMCRY): Following the Indicators

The Schaff indicator, created by Doug Schaff in 2008, behaves in a way like an oscillator, identifying overbought and oversold conditions in the market.

Forterra Inc (FRTA) shares are being monitored by traders as the TEMA is gaining upward momentum, signifying a potential uptrend for the name.

Oversold values are 0 to 20 and investors might look to buy dips in up trends when the signal line crosses up from below 20 to above 20. 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. The Average True Range is an investor tool used to measure stock volatility. "This method features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the next ratchet occurs".

As we move closer towards the end of the year, investors may be undertaking a portfolio review. CNMC Goldmine Holdings Ltd (5TP.SI)'s Williams Percent Range or 14 day Williams %R now sits at -50.00.

The Relative Strength Index (RSI) is another highly popular momentum indicator used for technical analysis. The data is represented graphically by fluctuating between a value of 0 and 100. The RSI may be used to help spot points of reversals more accurately. Typically, if the value heads above -20, the stock may be considered to be overbought. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. Forterra Inc (FRTA) now has a 14-day Commodity Channel Index (CCI) of 108.90. The ATR is an indicator developed by J. Welles Wilder. While this indicates negative price momentum, it also suggests that if the reading moves into oversold territory (STC of 30), then the liklihood of a reversal greatly increases. Readings below 20 are considered oversold while readings above 80 are considered overbought.

Interested traders may also be keeping an eye on the Williams Percent Range or Williams %R. A common look back period is 14 days. The Williams %R was developed by Larry Williams.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

Tracking other technical indicators, the 14-day RSI is presently standing at 56.50, the 7-day sits at 55.83, and the 3-day is resting at 56.11 for CNMC Goldmine Holdings Ltd (5TP.SI). Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Some analysts believe that the ADX is one of the best trend strength indicators available. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. It can be used instead of traditional moving averages for smoothing price data or other indicators. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action. Alternatively, when the MAMA crosses below the FAMA a sell signal is given.The MESA Adaptive Moving Average is a technical trend-following indicator which adapts to price movement "based on the rate change of phase as measured by the Hilbert Transform Discriminator". In some cases, MA's may be used as strong reference points for spotting support and resistance levels. At the time of writing, the 14-day ADX for Mineral Commodities Ltd (MRC.AX) is 13.59.



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