Economy

Technical Focus: Plus DI Above Minus DI for Tim Participacoes SA (TSU)

Monitoring the indicators for Tim Participacoes SA (TSU), we have noticed that the Plus Directional Indicator is now higher than the Minus Directional Indicator. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Traders may use the indicator to determine if a stock is trending or to spot overbought/oversold conditions. Jumping in to buy stocks on a pullback may seem like a good idea, but following specific sectors may become increasingly more important. Active investors may choose to use this technical indicator as a stock evaluation tool. It can be used instead of traditional moving averages for smoothing price data or other indicators.

Taking a peek at some Moving Averages, the 200-day is at 75.46, the 50-day is 70.48, and the 7-day is sitting at 73.28.

Checking in on some other technical levels, the 14-day RSI is now at 52.64, the 7-day stands at 52.12, and the 3-day is sitting at 45.31. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. The Williams %R oscillates in a range from 0 to -100. This measurement is based on closing prices over a specific period of time. One of the more popular combinations is to use the 50-day and 200-day moving averages.

The Schaff indicator, created by Doug Schaff in 2008, behaves in a way like an oscillator, identifying overbought and oversold conditions in the market. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

As we sail into the second half of the calendar year, investors may be looking to see what has gone right and what has gone wrong so far this year.

RewardStream Solutions Inc (REW.V) are in focus today as the charts are revealing that the Mesa Adaptive Moving Average (MAMA) has trickled below the FAMA, or Fractional Moving Average. ADX is charted as a line with values ranging from 0 to 100. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. The 14-day ADX is 18.10. A value of 25-50 would support a strong trend.

Tracking other technical indicators, the 14-day RSI is presently standing at 47.12, the 7-day sits at 46.88, and the 3-day is resting at 37.35 for Amber Energy Ltd (0090.HK).

"The MESA Adaptive Moving Average (MAMA) adapts to price movement based on the rate of change of phase as measured by the Hilbert Transform Discriminator (Technical Analysis of Stocks and Commodities magazine, December 2000)". Normal oscillations tend to stay in the range of -100 to +100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. Presently, Danaher Corp. (DAP.DE) has a 14-day Commodity Channel Index (CCI) of 65.78.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. (DAP.DE) is now sitting at 0.90.

Turning to some additional indicators on the charts, China Medical & HealthCare Group Ltd (0383.HK) now has a 50-day Moving Average of 0.33, the 200-day Moving Average is 0.37, and the 7-day is noted at 0.32. In some cases, MA's may be used as strong reference points for spotting support and resistance levels. ADX is used to gauge trend strength but not trend direction. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. The present 14-day ATR for Boot Barn Holdings Inc (BOOT) is now standing at 0.47. (DAP.DE) is 28.18. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. Here we can take a look at some of the key technical indicators which might be able to provide some insight as to whether the stock can reverse course or continue to stumble. The Williams %R is created to provide a general sense of when the equity might have reached an extreme and be primed for a reversal.



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