Economy

Plus DI Above Minus DI for Southern Co (SO) — Technical Focus

Needle moving action has been spotted in ATTA GLOBAL GROUP BERHAD (7099.KL) as shares are moving today on volatility -0.50% or -0.005 from the open. The BM listed company saw a recent bid of 0.975 and 239300 shares have traded hands in the session. With this reading, traders may be looking for a potentially strong near-term trend. At the time of writing, Beijing Enterprises Medical and Health Industry Group Ltd (2389.HK) has a 14-day Commodity Channel Index (CCI) of -55.23.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. 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.

KPJ HEALTHCARE BERHAD (5878.KL) now has a 14-day Commodity Channel Index (CCI) of -466.67. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Some analysts believe that the ADX is one of the best trend strength indicators available. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A reading between 0 and -20 would indicate an overbought situation. The ATR is not used to figure out price direction, just to measure volatility. The Williams %R oscillates in a range from 0 to -100. In general, if the indicator goes above -20, the stock may be considered overbought. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor ESTHETICS INTERNATIONAL GROUP BERHAD (5081.KL) is now at 29.34, the 7-day stands at 18.12, and the 3-day is sitting at 6.93.

Taking a deeper look into the technical levels of MMC CORPORATION BERHAD (2194.KL), we can see that the Williams Percent Range or 14 day Williams %R now sits at -76.00. CCI is an indicator used in technical analysis that was designed by Donald Lambert. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. They may also be used to assist the trader figure out proper support and resistance levels for the stock. In similar to other moving averages way, the TEMA indicator is used to identify trends and generate trading signals. Moving averages are a popular trading tool among investors. Currently, the 7-day moving average is sitting at 0.05. Looking at some moving average levels, the 200-day is at 0.22, the 50-day is 0.20, and the 7-day is sitting at 0.19. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 29.41, the 7-day stands at 17.25, and the 3-day is sitting at 3.54. Investors may have to do all the necessary homework in order to find stocks that will thrive under any market conditions. When markets become frantic, investors may feel compelled to make decisions that they might not normally make. Even the top professionals may get thrown for a loop every now and then. Holding on to a victor based on some type of emotion may end up hurting the portfolio down the line.



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