Economy

Signal Tracker: Following the Technicals on Shares of Audentes Therapeutics Inc (BOLD)

The MACD-Histogram is an indicator of an indicator. In fact, MACD is also an indicator of an indicator. The histogram is an oscillator that moves above and below the zero line, just as the MACD line does. But like all derivatives of price, it's much smoother than price itself. It takes four steps to get from the actual price to the MACD-Histogram. Chartists should keep this in mind when analyzing the MACD-Histogram. It is an indicator of an indicator.

The Awesome Oscillator for TURBO-MECH BERHAD (5167.KL) is showing a five day consistent uptrend, signaling building market momentum for the shares.

When completing stock analysis, investors and traders may opt to review other technical levels. Hexagon Resources Ltd (HXG.AX) presently has a 14-day Commodity Channel Index (CCI) of 64.95. The indicator shows the difference between two simple moving averages that can help define moving strength of the market. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. The MESA Adaptive Moving Average, which was developed by John Ehlers, 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". At the time of writing, the 14-day ADX for TURBO-MECH BERHAD (5167.KL) is 17.78. 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. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum.

The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending.

Taking a deeper look into the technical levels of Direxion Daily Russia Bear 3X Shares (RUSS), we can see that the Williams Percent Range or 14 day Williams %R now sits at -71.76. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Yongsheng Advanced Materials Co Ltd (3608.HK)'s Williams Percent Range or 14 day Williams %R now sits at 0.00. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A reading from -80 to -100 would indicate an oversold situation.

Taking a look at other technical levels, the 3-day RSI stands at 95.57, the 7-day sits at 83.94 and the 14-day (most common) is at 73.92. 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. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. CCI generally measures the current price relative to the average price level over a specific time period. The Williams %R oscillates in a range from 0 to -100. The indicator is computed by using the average losses and gains of a stock over a certain time period. On the flip side, an RSI near 0 may signal weaker momentum. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978.

Keeping an eye on Moving Averages, the 50-day is 1.79, the 200-day is at 1.77, and the 7-day is 1.93 for Yongsheng Advanced Materials Co Ltd (3608.HK). The Average Directional Index or ADX is often considered to be an important tool for technical trading or investing. Moving averages can help identify trends and price reversals. MA's may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock.

Technical traders may be looking at recent indicator levels on shares of Audentes Therapeutics Inc (BOLD).



Like this

loading...
loading...

Latest


20 September 2017
20% of College Students Support Using Violence to Shut Down Speakers
Of the respondents, 70 percent are female and nearly half of the total respondents identified as a Democrat. It is not up to students to decide which speech is acceptable for others to hear and what is unacceptable.

20 September 2017
Omega Healthcare Investors, Inc (NYSE:OHI) Experiences Heavier than Average Trading Volume
Adams Express Company decreased its stake in Dover Corp (DOV) by 12.39% based on its latest 2016Q4 regulatory filing with the SEC. The New Jersey-based Private Advisor Group Incorporated Limited Liability Company has invested 0.19% in Netflix, Inc.

20 September 2017
Shania Twain Announces UK and Ireland Tour
With 90 million albums sold worldwide, Shania remains the top-selling female country artist of all time. "I Feel Like A Woman!". Shania Twain has announced a United Kingdom arena tour for 2018, with presale tickets on sale on Wednesday 27 Sep at 9am.

20 September 2017
Martin Marietta Materials (NYSE:MLM) Earns Media Impact Rating of 0.18
There are so many stocks to choose from, and hunting for undervalued stocks may take lots of time that many investors do not have. As per Monday, April 3, the company rating was upgraded by Cleveland. (NYSE:MLM) on Friday, October 2 to "Buy" rating.

20 September 2017
Shopping Surge in August Boosts British Rate Hike Bets
The narrower measure of inflation used in retail sales data rose to an annual rate of 3.2 percent in August, up from 2.7 percent. Data released last week, showed wages increased less than expected as they continue to lag behind inflation.

20 September 2017
These Cities Have the Highest Rates of Regular Exercise
Colorado and California swept the results, with five Colorado communities and six California communities appearing in the top 25. Buffalo, with 46.5% of its residents telling researchers they exercise more than 30 minutes regularly finished near the bottom.

20 September 2017
Chelsea's Antonio Conte tips Charly Musonda to shine in variety of positions
In my career, I was injured a lot of times. 'We are managing the situation very well and he is ready to start'. His strong work ethic has been a very big contribution to his and his team's success.

20 September 2017
Uber reviews India, Asia business over bribery allegations in US
About a year later, Parliament passed a bill on ride-hailing laws that were favourable to Uber and others like it. But in order to get the job done, an Uber employee gave the police official a lot of money in multiple payments.

20 September 2017
PCB hands Khalid Latif five-year ban
Spot-fixing is where the outcome of a particular passage of play is pre-determined, as opposed to fixing the outcome of a match. Latif pleaded not guilty, but an Anti-Corruption Tribunal on Wednesday found the 31-year-old guilty of all charges.

20 September 2017
Zayn Malik inspires Gigi Hadid to "funk up" her look
The Tommy Hilfiger spokeswoman was unusually candid as she joined the American designer for an interview about becoming all Blighty.