Economy

SmartPay Holdings Ltd (SPY.NZ): Tracking the Technicals

The weekly steps can be used to determine a near-term trend. When the price is trending to the upside, the dots are below the price action and when the price is trending to the downside, the dots are above the price action. When the price is below the Balance Step, this generally spells a bearish trend. Most investors realize that there are no certainties when it comes to equity investing. Investors may have to first gauge their appetite for risk in order to build a solid platform on which to construct a legitimate strategy. Investors may want to look a little bit deeper into the situation to make sure that the momentum is justified. Many investors will stay away from making any big trades around earnings announcements. Investors may be wondering where the money will be flowing in the second half of the year.

Successful stock market investing often begins with setting up measureable and viable goals.

Active traders may be zooming in on some additional technical indicators for share assessment.

Presently, Tencent Holdings Ltd (TCEHY) has a 14-day Commodity Channel Index (CCI) of 135.54. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. The RSI may be used to help spot points of reversals more accurately.

The 14-day ADX for Arvind Limited (ARVIND.BO) is now at 16.05. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. 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. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. The ADX is used to measure trend strength. As we run through the next round of company earnings reports, investors will be keeping a close eye on the data that is reported.

The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. Goals Soccer Centres PLC (GOAL.L)'s Williams Percent Range or 14 day Williams %R now sits at -107.46. A value between 0 to -20 would represent a strong overbought condition. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. After a recent check, CW Group Holdings Ltd's 14-day RSI is now at 44.76, the 7-day stands at 31.97, and the 3-day is sitting at 8.21. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. ADX calculations are made based on the moving average price range expansion over a specified amount of time. The STC combines an exponential moving average with slow stochastics to display a signal line that oscillates between two levels on a scale of 0 to 100. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. In terms of moving averages, the 200-day is now at 105.08, the 50-day is 103.73, and the 7-day is resting at 98.14. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators meaning that they confirm trends.

Investors and Traders using technical analysis to review stocks may be focusing on the ATR or Average True Range.

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