Economy

SPDR S&P 500 Value Portfolio ETF (SPYV) MFI Reading Under the Microscope

SPDR S&P 500 Value Portfolio ETF (SPYV) MFI Reading Under the Microscope”

Not only will the stock most likely become a bit more volatile, but overall interest may be heightened as investors try to piece together the puzzle and figure out why there was such a discrepancy between estimates and actuals.

Introduced in 2008 by Douglas Schaff, the conecpt of the Schaff Trend Cycle (STC) is to identify peaks and lows and predict reversals by running through a cycle oscillator, creating an effective indicator for entry and exit signals, when used in conjuction with additional signals. Normal oscillations tend to stay in the range of -100 to +100. Currently, the 200-day MA for S&P Smallcap 600 Pure Growth Guggenheim (RZG) is sitting at 108.71. The fund owned 95,600 shares of the exchange traded fund's stock after selling 89,600 shares during the period. On the flip side, an RSI near 0 may signal weaker momentum.

We can also take a look at the Average Directional Index or ADX of S&P Smallcap 600 Pure Growth Guggenheim (RZG). Sumitomo Mitsui Trust Holdings Inc. now owns 2,273,616 shares of the exchange traded fund's stock worth $281,133,000 after purchasing an additional 835,900 shares during the last quarter. Closely watching the earnings reports may be a good way to see what companies are getting things right, and what companies have some work to do.

When undertaking stock analysis, investors and traders may choose to view multiple technical levels in addition to the MFI.

Looking at shares from a technical standpoint, USA Momentum Factor Ishares ETF (MTUM) presently has a 14-day Commodity Channel Index (CCI) of 159.53. Despite the name, CCI can be used on other investment tools such as stocks. Typically, the CCI oscillates above and below a zero line. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

As of writing, SPDR S&P Retail ETF's RSI stands at 49.51. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The ADX alone measures trend strength but not direction. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

The MFI was created by Gene Quong and Avrum Soudack and they believed a reading above 70-80 would signify Overbought territory where a reading below 20-10 would indicate that the conditions were indicative of an Oversold price level. Portfolio Solutions LLC now owns 521 shares of the company's stock valued at $139,000 after buying an additional 302 shares in the last quarter. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The 14-day RSI is presently standing at 55.56, the 7-day is 62.57, and the 3-day is resting at 71.66.



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