Economy

Trading Watch: Following Price Performance for Horizons CDN Select Universe Bond ETF

Focusing in on shares of 1-3 Year Credit Bond Ishares (CSJ), we have seen that the Percentage Price Oscillator is now lower than the signal line. Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

Taking a deeper look into the technical levels of Ishares 1-5Yr Laddered Corp Bond ETF (CBO.TO), we can see that the Williams Percent Range or 14 day Williams %R now sits at -50.00. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action.

Checking in on some other technical levels, the 14-day RSI is now at 41.09, the 7-day stands at 32.98, and the 3-day is sitting at 23.31. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold.

Gateway Advisory LLC boosted its stake in shares of iShares Barclays 1-3 Year Credit Bond Fd (NASDAQ:CSJ) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. A reading between 0 and -20 would point to an overbought situation. The Williams %R is a momentum indicator that helps measure oversold and overbought levels.

There are often many decisions that will need to be made when setting up a plan to start investing in stocks. The ADX is used to measure trend strength. Moving averages can be very helpful for spotting peaks and troughs.

Investors may also be looking to compare the current stock price of Hongkong Ld Hldg ADR (HNGKY) to some of its moving averages. An oscillator is an indicator that is used as a counter trend showing when the market is overbought or oversold.

Shares of Universal Bond Ishares (IUSB) have a 200-day moving average of 50.43. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The Williams %R oscillates in a range from 0 to -100. A value of 25-50 would support a strong trend. At the time of writing, the 14-day ADX for Ishares Core CDN Short Trm Bond ETF (XSB.TO) is 13.09. Investors may also want to set personal financial goals to help ensure that they are staying on the proper track. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

Aroon Up level above 70 indicates a strong up-trend while Aroon Down above 70 indicates a strong down-trend.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. Goodwin Plc (GDWN.L)'s Williams %R presently stands at -61.71.

The 14-day ADX for Hongkong Ld Hldg ADR (HNGKY) is now at 19.12. The RSI oscillates on a scale from 0 to 100. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. After a recent check, the 50-day Moving Average is 125.08, the 200-day Moving Average is 123.05, and the 7-day is noted at 126.50.

Taking a deeper look into the technical levels of Bank of Montreal (BMO.TO), we can see that the Williams Percent Range or 14 day Williams %R now sits at -8.68.



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