Economy

Checking the Indicators on Eldorado Gold Corp (EGO) — Share Focus

Chande first described the indicator in the September 1995 issue of Stocks & Commodities magazine.

The "Aroon Indicator" is a popular member of the "Oscillator" family of technical indicators. "Aroon" is a Sanskrit word meaning "dawn's early light".

Aroon Up level above 70 indicates a strong up-trend while Aroon Down above 70 indicates a strong down-trend. Aroon Up below 50 warns that the up-trend is weakening while Aroon Down below 50 signals that the down-trend is weakening. According to Chande, whenever the components of the Aroon indicator are in close proximity, this is a sign of market consolidation.

Checking in on some other technical levels, the 14-day RSI is now at 63.83, the 7-day stands at 76.39, and the 3-day is sitting at 93.40. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. 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.

Investors have the option to employ technical indicators when conducting stock research.

CNB Financial Corp (CCNE) presently has a 14-day Commodity Channel Index (CCI) of 103.93. CCI is an indicator used in technical analysis that was designed by Donald Lambert.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R indicator helps show the relative situation of the current price close to the period being observed. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another. A common look back period is 14 days. Vanguard FTSE All World ex US Index Fund Investor Shares (VEU)'s Williams %R presently stands at -11.33. The Aroon Up and Aroon Down lines oscillate between 0 and 100. In general, if the reading goes above -20, the stock may be considered to be overbought. A reading between -80 to -100 may be typically viewed as strong oversold territory. The 14-day ADX for EP Global Communications Inc (EPGL) is now at 33.59. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. The ADX is used to measure trend strength. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).

Investors may also be looking to compare the current stock price of Vanguard FTSE All World ex US Index Fund Investor Shares (VEU) to some of its moving averages. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. They may also be used to help the trader figure out reliable support and resistance levels for the stock.



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