Economy

Digging Deeper into Shares of Goldman Sachs ActiveBeta International Equity ETF (GSIE)

Tushar Chanda developed the Aroon Indicator in 1995 to help traders determine the strength of a trend and whether pricing behavior was favoring a trend or sideways action.

When applying indicators for technical analysis, traders and investors might want to examine the ATR or Average True Range. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.

Over the course of the day 6,662 shares traded hands, as compared to an average volume of 72,100 over the last 30 days for Goldman Sachs ActiveBeta EMkts Eq ETF (NYSEARCA:GEM).

Sep 16 is a negative day so far for Goldman Sachs ActiveBeta Intl Eq ETF (NYSEARCA:GSIE) as the ETF is active during the day after losing 0.07% to hit $29 per share. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions. The RSI oscillates on a scale from 0 to 100.

Goldman Sachs ActiveBeta International Equity ETF (GSIE) now has a 14-day Commodity Channel Index (CCI) of 80.25. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. The RSI may be useful for spotting abnormal price activity and volatility. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. One of the more popular combinations is to use the 50-day and 200-day moving averages.

Keeping tabs on the Ultimate Oscillator reading for Goldman Sachs ActiveBeta Europe Equity ETF (GSEU), we have recently seen that the Ultimate Oscillator is presently higher than 60. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX alone was created to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

Taking a peek at some Moving Averages, the 200-day is at 26.62, the 50-day is 28.33, and the 7-day is sitting at 28.90. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. They may also be used to help the trader figure out proper support and resistance levels for the stock.



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