Economy

Technicals on Watch For Liquefied Natural Gas Ltd (LNGLF)

Taking a deeper look into some additional technical indicators, after a recent scan we note that Corcept Therapeutics Inc (CORT) now has a 14-day Commodity Channel Index (CCI) of 8.64. The CCI was created to typically stay within the reading of -100 to +100. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. A reading from -80 to -100 would indicate an oversold situation.

We can also do some further technical analysis on the stock. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Traders may also use the reading to identify overbought/oversold conditions. Currently, Leifheit AG (LEI.DE) has a 200-day MA of 53.59, and a 50-day of 33.82.

Taking a look at other technical levels, the 3-day RSI stands at 34.68, the 7-day sits at 37.49 and the 14-day (most common) is at 39.20. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. The ATR is not used to figure out price direction, just to measure volatility. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A level of 50 would indicate neutral market momentum. Iluka Resources Ltd (ILU.AX) now has a 14-day Commodity Channel Index (CCI) of -117.07. In general, if the indicator goes above -20, the stock may be considered overbought. 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".

Shares of iShares Edge MSCI World Quality Factor UCITS ETF (IWFQ.L) have seen the Mesa Adaptive Moving Average (MAMA) crawl below the Fractional Moving Average or FAMA. The ADX is used to measure trend strength. Moving averages are considered to be lagging indicators meaning that they confirm trends. A value of 25-50 would support a strong trend. Presently, the 14-day ADX is resting at 11.75. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. The opposite is the case when the RSI line is heading lower.

Leifheit AG (LEI.DE) now has a 14-day Commodity Channel Index (CCI) of -194.31. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. If the RSI is closer to 100, this may indicate a period of stronger momentum. In terms of moving averages, the 200-day is now at 0.13, the 50-day is 0.08, and the 7-day is resting at 0.04. The 50-day is 33.82, and the 7-day is sitting at 31.98. Following moving averages with different time frames may help offer a wide variety of stock information. The Average Directional Index or ADX is often considered to be an important tool for technical trading or investing. Investors may be hoping for sustained upward trends where stocks calmly and steadily advance in that direction. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). 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 Leifheit AG (LEI.DE) is 31.60. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend.

Technical traders have a large inventory of technical indicators they may use when doing technical stock analysis. 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. The 14 day Williams %R is noted at -90.52. This environment typically indicates that there might be a buying opportunity aligning in technicals.



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