Economy

Closely Watching MSCI Japan Ishares Currency Hedged (HEWJ)'s Indicators — Stock Focus

Tracking the signals for Ishares Australia Currency Hedged (HAUD), we have seen that the twenty one day Wilder Moving Average is presently below the fifty day Simple Moving Average. The current 50-day Moving Average is 29.26, the 200-day Moving Average is 28.92, and the 7-day is noted at 30.35. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. ADX is charted as a line with values ranging from 0 to 100. Moving averages can be very useful for identifying peaks and troughs. They may be looking to spot those shares that haven't been doing a whole lot and are being generally overlooked by the investing world. Investors commonly strive to locate the highest probability of success. As markets tend to move in cycles, it may be necessary to align the portfolio to the category that is best positioned to make consistent gains in the future.

MSCI Japan Ishares Currency Hedged (HEWJ)'s Williams Percent Range or 14 day Williams %R presently is at -9.46.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. RSI measures the magnitude and velocity of directional price movements. The ATR is an indicator developed by J. Welles Wilder. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Royal Bank of Canada lowered its stake in iShares MSCI Taiwan Index (NYSEARCA:EWT) by 52.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. In general, if the level goes above -20, the stock may be considered to be overbought. A reading under 30 would indicate oversold conditions. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. The ADX measures the strength or weakness of a particular trend. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Traders may be monitoring this reading to spot near-term sluggish momentum. Currently, the 14-day ADX for Poland Index MSCI Ishares (EPOL) is 15.40. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

Many technical traders will be taking a look at different indicators to help figure out where shares may be heading. Presently, UK Index MSCI Ishares (EWU) has a 14-day Commodity Channel Index (CCI) of -68.55. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. Traders may also use the reading to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly set for a correction. On the other end of the spectrum, a reading under 30 may indicate an oversold situation.

Ishares Core MSCI Emerging Mkts IMI ETF (XEC.TO) shares are showing positive signals short-term as the stock has finished higher by 1.50% for the week. Relative Strength Index (RSI) is a frequently used technical analysis tool. The data is represented graphically by fluctuating between a value of 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite would be the case for a falling ADX line.

Interested traders may be keeping an eye on the Williams Percent Range or Williams %R. They may also be used to help find support or resistance levels.



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