Economy

Trading Monitor: PPOH Line Above Zero for Gibraltar Industries Inc (ROCK)

The interesting fact is that like MACD, MACD-Histogram also fluctuates above and below the zero line. The histogram is an oscillator that moves above and below the zero line, just as the MACD line does. This means that the MACD-Histogram is four steps removed from the price of the underlying security. But like all derivatives of price, it's much smoother than price itself. A level of 50 would indicate neutral market momentum. 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". Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

When applying indicators for technical analysis, traders and investors might want to examine the ATR or Average True Range. Crocs Inc (CROX) now has a 14-day Commodity Channel Index (CCI) of 27.42. CCI may also be used to help discover divergences that could possibly signal reversal moves. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R.

Currently, the 14-day ADX for QL RESOURCES BERHAD (7084.KL) is sitting at 47.64. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. It is one of the best tools available to a chartist because it shows not only who has control over the market but also their magnitude of strength.

Taking a deeper look into the technical levels of QL RESOURCES BERHAD (7084.KL), we can see that the Williams Percent Range or 14 day Williams %R now sits at -89.17. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.

Currently, the 14-day ADX for MWE HOLDINGS BERHAD (3921.KL) is sitting at 16.96. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. If the indicator travels under -80, this may signal that the stock is oversold.

Taking a look at other technical levels, the 3-day RSI stands at 39.55, the 7-day sits at 44.77 and the 14-day (most common) is at 46.14. The RSI is computed based on the speed and direction of a stock's price movement. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. Different time periods may be used when using the RSI indicator. The RSI oscillates on a scale from 0 to 100. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action.

The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder.

Taking a quick look at technical levels and trend lines, we see that the stock has a 14-day ADX of 24.15. The current 50-day Moving Average is 4.67, the 200-day Moving Average is 11.18, and the 7-day is noted at 3.96. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Moving averages can be used to help filter out the day to day noise created by other factors. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. The average true range indicator was created by J. Welles Wilder in order to measure volatility.

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