Economy

Technical Tracker: Following the Signals on Shares of MedCap AB (MCAP)

Narrowing in on Moving Averages, the 200-day for Qmed Inc.

Investors who have stayed on the sidelines may be considering if the markets will continue to rally higher. This may be the case, but sometimes it might be good fortune. It can also be quite easy to confuse skill with a long-term bull market. Many bad decisions may still get rewarded when the market keeps heading higher. Some investors may already be adept at figuring this out while others may need to put in a bit more work. Even with all the evidence, it can be tough to determine if the economy and the markets are preparing for a whole new breakout run.

When performing stock analysis, investors and traders may opt to view technical levels.

Currently, the 14-day ADX for Blackrock Corporate High Yield Fund Inc (HYT) is sitting at 20.44.

A widely used tool among technical stock analysts is the moving average. RSI measures the magnitude and velocity of directional price movements. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978.

Investors may be searching for stocks that are undervalued. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Turning to some other technicals, Enerplus Corp (ERF.TO)'s Williams Percent Range or 14 day Williams %R presently is at -40.00. Kimberly-Clark de Mexico SAB de CV (KCDMY) now has a 14 day Williams %R of -56.04. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. The CCI was created to typically stay within the reading of -100 to +100. 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. The ADX is used to measure trend strength. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. The RSI may be used to help spot points of reversals more accurately.

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 46.46, the 7-day is 43.39, and the 3-day is now at 0.00 for Seven Arts Entertainment Inc (SAPX). In general, an ADX value from 0-25 would indicate an absent or weak trend. When the indicator stays above zero for a sustained period of time, especially with increasing indicator values, it shows a strong uptrend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. At the time of writing, Cornerstone Strategic Value Fund Inc (CLM) has a 14-day Commodity Channel Index (CCI) of 80.70. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. Traders may be taking note of this level as a possible sell signal.

Traders are paying renewed attention to shares of Kimberly-Clark de Mexico SAB de CV (KCDMY). After a recent check, the 14-day RSI for Trophy Resources Inc is now at 54.65, the 7-day stands at 56.44, and the 3-day is sitting at 58.72.

The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The data is represented graphically by fluctuating between a value of 0 and 100. Conducting thorough fundamental research on stocks even after they have broken out may help the investor understand the reason behind the move, and whether it is likely to continue or if it is just a temporary spike. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Many investors may be crafting plans for when the good times inevitably come to an end.



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