Culture

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.



Like this

Latest


12 October 2017
North Korean Foreign Minister: Pyongyang at 'state of equal power with US'
North Korea has fired 22 missiles during 15 tests since February, drawing a sharp reaction from the USA and its allies. He said in October that "only one thing will work" in relation to North Korea.

12 October 2017
San Francisco 49ers won't be forcing players to stand, says Eric Reid
At its regularly scheduled fall meetings next week, the National Football League will discuss the anthem issue. That was in reaction to President Trump's condemnation at a rally last month of any player that didn't stand.

12 October 2017
Arsenal would win title if Wenger had Redknapp´s tactical nous - Merson
Merson then revealed the moment he knew Redknapp was a great manager. "We were 2-0 down at half-time and it could've been 10-0". Redknapp was sacked by Birmingham City last month as the team struggled at the wrong end of the Championship table.

12 October 2017
Healthcare Stock on Buy Line: Health Insurance Innovations, Inc. (HIIQ)
If you are reading this story on another site, it was stolen and reposted in violation of US & global copyright and trademark law. Following the sale, the insider now directly owns 224,001 shares of the company's stock, valued at approximately $5,779,225.80.

12 October 2017
Thermo Fisher Scientific Inc (TMO) PT Raised to $207.00 at Leerink Swann
Finally, Covington Capital Management lifted its holdings in Thermo Fisher Scientific by 0.9% during the 2nd quarter. (NYSE:TMO). Following the sale, the director now directly owns 38,757 shares of the company's stock, valued at approximately $6,790,226.40.

12 October 2017
Jimmy Jacobs No Longer Working For WWE Following Bullet Club Invasion Photo
In turn, the Bucks have stopped using the gesture, and have also sold their "too sweet" gear, donating the proceeds to charity . They paid homage to the DX skit, and even had someone who was in line for the show admit that they didn't pay for their ticket.

12 October 2017
Princeton Portfolio Strategies Group LLC Purchases 6285 Shares of MetLife, Inc. (MET)
The Company's USA segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses. ValuEngine upgraded shares of MetLife from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, June 27th.

12 October 2017
$0.28 EPS Expected for Arconic Inc (ARNC)
And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $28. Following the purchase, the director now owns 4,409 shares in the company, valued at approximately $108,064.59.

12 October 2017
This is what analysts have to say about United Parcel Service, Inc
United Parcel Service, Inc (UPS) is a package delivery company. (NYSE:UPS) to report earnings on October, 26 before the open. Patten Grp holds 0.49% or 10,682 shares in its portfolio. 1,839 were accumulated by Regent Investment Management Lc.

12 October 2017
RSS attacks Rahul Gandhi, tells him to focus on Congress
He said, "the Sangh had decided way back that it will work in the midst of men, and it has the right to decide this". They should not play hockey and cricket together, They need to induct some intellectuals in their fold.



Recommended