Economy

Following the Technicals for iShares Asia 50 ETF — Share Focus

Following the Technicals for iShares Asia 50 ETF — Share Focus”

The Ichimoku cloud is a favorite technical indicator used primarily in Asian markets. Awesome Oscillator shows the difference in between the 5 SMA and 34 SMA. In general, if the reading goes above -20, the stock may be considered to be overbought. Currently, Ishares Trust United States Treasury (TIP) has a 14-day ATR of 0.33. A popular tool among technical stock analysts is the moving average. The ATR is an indicator developed by J. Welles Wilder.

The ETF is -2.93% of its 52-Week High and 1.02% of its low, and is now having ATR of 0.14.

The Williams Percent Range or Williams %R is another technical indicator worth checking out. iShares Asia 50 ETF (IAA.AX) now has a 14 day Williams %R of -59.14. Ishares Trust United States Treasury (TIP) now has a 14 day Williams %R of -88.28. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends. ADX is used to gauge trend strength but not trend direction. The ADX measures the strength or weakness of a particular trend. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions.

The 14-day ADX for Ishares Intl Treasury Bond ETF (IGOV) is standing at 20.76. A reading under 20 would suggest 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. Presently, Ishares CDN Hybrid Corp Bond ETF (XHB.TO) has a 14-day Commodity Channel Index (CCI) of 2.46. A reading between -80 to -100 may be typically viewed as strong oversold territory. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

Traders are paying renewed attention to shares of BMO Mid Corporate Bond ETF (ZCM.TO). The 14-day RSI is now sitting at 39.74, the 7-day is at 30.09, and the 3-day is spotted at 15.63 for TIPS Bond Ishares (TIP). Normal oscillations tend to stay in the range of -100 to +100. 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. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another. The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal for the equity. Traders may use these levels to help identify stock price reversals.



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