Economy

Technical Focus: Tracking Shares of Shearwater Group Plc (SWG.L)

The OTC listed company saw a recent bid of $0.0100 on 20000 volume.

For technical traders, support and resistance lines play an important role. Generally speaking, a rising ADX line means that an existing trend is gaining strength. A 9-day dotted exponential moving average of the MACD (the "signal" line) is then plotted on top of the MACD. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). One popular use of these lines is to identify possible entry and exit points for trades. A longer average like the 200-day may serve as a smoothing tool when striving to evaluate longer term trends. The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. The ATR is an indicator developed by J. Welles Wilder. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Metalicity Ltd (MCT.AX) has a 14-day ATR of 0.00. 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 signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". The RSI may be more volatile using a shorter period of time. Normal oscillations tend to stay in the range of -100 to +100. Many traders keep an eye on the 30 and 70 marks on the RSI scale. Typically, if the value heads above -20, the stock may be considered to be overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The 14-day RSI for ORIENT GREEN POWER COMPANY LTD. (GREENPOWER.BO) is now at 57.40, the 7-day stands at 64.98, and the 3-day is sitting at 78.09.

The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Technical traders may be watching this reading to identify bearish momentum on the stock. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

A widely used tool among technical stock analysts is the moving average. 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. Shares of Global Brass and Copper Holdings Inc (BRSS) have a 7-day moving average of 32.04. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 68.00, the 7-day stands at 74.48, and the 3-day is sitting at 69.17.

With the stock market trading at current levels, investors may be tossing around ideas about how to trade the next few quarters. Plowing through the fundamentals may help sort out some of the questions that investors may have that come along with trading at these levels. Sometimes, the fear of missing out on the next big run will cause investors to make hasty decisions. Knowing exactly what to look for when doing stock research may take a lot of time to master.



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