Economy

SPDR S&P Health Care Services ETF (XHS) Rises 0.4% for Sep 28

A popular tool among technical stock analysts is the moving average. It is important to note that the ATR was not created to determine price direction or to predict future prices. The ATR basically measures the volatility of a stock on a day-to-day basis. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors. After a recent check, the 14-day RSI for iShares Edge MSCI USA Quality Factor ETF is now at 63.58, the 7-day stands at 61.72, and the 3-day is sitting at 50.77. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R shows how the current closing price compares to previous highs/lows over a specified period. Levels above -20 may indicate the stock may be considered is overbought. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Chart analysts may also use the indicator to project possible price reversals and to define trends.

Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. 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. Currently, the 14-day ADX for S&P Regional Banking ETF SPDR (KRE) is 22.38. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Dedicated investors may choose to use this technical indicator as a stock evaluation tool. Presently, SPDR S&P Global Dividend ETF (WDIV) has a 14-day Commodity Channel Index (CCI) of -50.25. Moving averages can help identify trends and price reversals. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

The Ultimate Oscillator level is now above 60 on shares of S&P 1500 Value Tilt ETF SPDR (VLU).

Taking a look at other technical levels, the 3-day RSI stands at 69.59, the 7-day sits at 50.89 and the 14-day (most common) is at 50.32. 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 RSI value will always move between 0 and 100. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. The opposite would be the case for a falling ADX line. Different time periods may be used when using the RSI indicator. More interesting news about SPDR S&P Biotech (ETF) (NYSEARCA:XBI) were released by: Investorplace.com and their article: "Is the SPDR S&P Biotech (ETF) (XBI) Done Running?" published on June 23, 2017 as well as Benzinga.com's news article titled: "Steve Sosnick's Biotech ETF Trade" with publication date: June 30, 2017. Alternately, if the indicator goes under -80, this may show the stock as being oversold. Traders focusing on these levels may be watching for the stock to be gaining bullish momentum. The fund acquired 75,700 shares of the exchange traded fund's stock, valued at approximately $3,082,000. Getting caught up in the details from news and various economic reports may leave the average investor dizzy and confused. Having goals can eventually make the day to day investing decisions at little bit easier over time.



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