Economy

SPDR S&P Emerging Markets Dividend ETF (EDIV) Declines 0.36% for Oct 6

SPDR S&P Emerging Markets Dividend ETF (EDIV) Declines 0.36% for Oct 6”

S&P 500 Value ETF SPDR (SPYV)'s Williams %R presently stands at -2.28.

Investors and traders continue to closely monitor additional technical levels of shares of S&P Smallcap 600 SPDR (SLY). The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend.

The ETF is -14.39% of its 52-Week High and 23.99% of its low, and is now having ATR of 0.53.

Traders also may be narrowing in on the ATR or Average True Range indicator when reviewing technicals. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

More notable recent SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) news were published by: Nasdaq.com which released: "Zacks Industry Outlook Highlights: SPDR S&P Homebuilders ETF, KB Home, Toll ..." on June 16, 2017, also Etfdailynews.com with their article: "Rally Builds Housing Stocks Back To Bubble Heights (XHB)" published on October 03, 2017, Etftrends.com published: "Homebuilders ETFs Are Building Gains" on October 04, 2017.

At the time of writing, S&P Smallcap Value ETF SPDR (SLYV) has a 14-day Commodity Channel Index (CCI) of 105.68. 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. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend.

When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range.

Similar to the RSI, the RMI fluctuates between 0-100, where a reading crossing 70 would indicate overbought territory and under 30 Oversold. In general, if the indicator goes above -20, the stock may be considered overbought.

Tracking other technical indicators, the 14-day RSI is presently standing at 76.59, the 7-day sits at 86.17, and the 3-day is resting at 84.99 for S&P Midcap Value ETF SPDR (MDYV).

The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength. When the RSI line moves up, the stock may be experiencing strength. "This modification is called the relative momentum index (RMI), in which momentum is substituted for strength, because a momentum index is usually obtained by creating a moving average of the most recent closing price compared with the close Y days in the past". Normal oscillations tend to stay in the range of -100 to +100. The RSI operates in a range-bound area with values between 0 and 100. On the flip side, an RSI near 0 may signal weaker momentum. The stock's 50-day moving average price is $82.83 and its 200-day moving average price is $75.45. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Traders may use these levels to help identify stock price reversals. Many investors may use MA's as a way to develop support and resistance levels in order to spot specific trade entries and exits. The main objective in developing of this indicator was reducing the lag between the indicator and price action by making it fast-acting and more sensitive to market changes.



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