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Putting the Technicals Into Perspective For Emrg Mkts Bear 3X Direxion (EDZ)

After a recent stock scan on shares of Smallcap Bull 3X Direxion (TNA), we have observed that the Percentage Price Oscillator Histogram level is over zero. Presently, the 200-day moving average is at 42.17, and the 50-day is 44.80.

The Tenkan Line or Tenkan Sen (Sen means line in Japanese) is known as the conversion line or turning line is similar to a 9SMA but actually is quite different. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. The RSI may be useful for spotting abnormal price activity and volatility. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. However, it is important to not use the Tenkan line as a gauge of the trend but more so the momentum of the move. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Traders following the indicator may be using the reading to spot a buying opportunity.

Investors may be trying to define which trends will prevail in the second half of the year.

Investors may be circling the wagons wondering what's in store for the stock market over the next few months. Keeping a close watch on technicals and fundamentals may be a good way to start filtering through the vast sea of equities.

Direxion Junior Gold Mine Bear 3X (JDST) presently has a 14-day Commodity Channel Index (CCI) of -54.34. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. In general, if the reading goes above -20, the stock may be considered to be overbought. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R.

Taking a look at some additional technical indicators, we see that now Wolters Kluwer N V S (WTKWY)'s Williams Percent Range or 14 day Williams %R is resting at -0.66. As a general rule, an RSI reading over 70 would signal overbought conditions. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Checking on another technical indicator, the 14-day RSI is now sitting at 72.89, the 7-day rests at 81.45, and the 3-day is presently at 93.25 for Wolters Kluwer N V S (WTKWY). The RSI is computed base on the speed and direction of a stock's price movement. The RSI can help display whether the bulls or the bears are now strongest in the market. CCI generally measures the current price relative to the average price level over a specific time period. As a momentum oscillator, the RSI operates in a set range. Normal oscillations tend to stay in the range of -100 to +100. If the RSI is closer to 100, this may indicate a period of stronger momentum. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold.

For further review, we can take a look at another popular technical indicator. The present 14-day ATR for Direxion Junior Gold Mine Bull 3X (JNUG) is now sitting at 1.24. Dedicated investors may be looking to employ another tool for doing technical stock analysis. The RSI may be used to help spot points of reversals more accurately.



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