Economy

Credit Suisse Group Reaffirms Outperform Rating for Royal Dutch Shell Plc (RDSA)

The ATR is a measure of volatility. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI can help display whether the bulls or the bears are now strongest in the market. The RSI can help pinpoint stock reversals and help coordinate taking positions accordingly. The RSI was developed by J. Welles Wilder. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The normal reading of a stock will fall in the range of 30 to 70. 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. RSI can also be a valuable tool for trying to spot larger market turns.

Royal Dutch Shell plc (:RDS-B) shares have moved into overbought range as the 14-day RSI reading reached 84.61 after the recent close.

Royal Dutch Shell Plc (LON:RDSB) has been given a GBX 2,550 ($34.29) price target by research analysts at UBS AG in a note issued to investors on Tuesday. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. A reading between -80 to -100 may be typically viewed as strong oversold territory. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). The 50 day moving average was up $3.65 and the 200 day average went up $5.71 or +10.56%.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Royal Dutch Shell PLC (RDSA.L) is sitting at 195.94. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. They may also be used to assist the trader figure out proper support and resistance levels for the stock.

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX is used to measure trend strength. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. The 14-day ADX presently sits at 30.73. ADX is charted as a line with values ranging from 0 to 100. A value between 0 to -20 would represent a strong overbought condition. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.

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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