Market Watch: UO Reading Below 40 for Creative China Holdings Ltd

Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. The ATR basically measures the volatility of a stock on a day-to-day basis. The ADX was created by J. Welles Wilder to help determine how strong a trend is. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Digging deeping into the CHIN WELL HOLDINGS BERHAD (5007.KL) 's technical indicators, we note that the Williams Percent Range or 14 day Williams %R now sits at -55.56. (IMO.DE)'s Williams Percent Range or 14 day Williams %R is resting at -94.12. Normal oscillations tend to stay in the range of -100 to +100. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. A reading from -80 to -100 would signal an oversold situation. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend.

The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. 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. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Currently, the 200-day MA is sitting at 2.01. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. At the time of writing, PRG HOLDINGS BERHAD (7168.KL) has a 14-day Commodity Channel Index (CCI) of -177.94. Despite the name, CCI can be used on other investment tools such as stocks. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

Investors are paying close attention to shares of HANDAL RESOURCES BERHAD (7253.KL). Checking in on some other technical levels, the 14-day RSI is now at 61.42, the 7-day stands at 73.38, and the 3-day is sitting at 91.77.

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The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI oscillates on a scale from 0 to 100. The opposite is the case when the RSI line is heading lower. The indicator is computed by using the average losses and gains of a stock over a certain time period. It uses a combination of price change data and time change data to identify potential changes in market sentiment, thereby exposing turning points. They may choose a selection of stocks that they plan on holding for a long time, and they may choose others that they plan on holding for only a short period of time.

Creative China Holdings Ltd (8368.HK) now has a 50-day Moving Average of 0.23, the 200-day Moving Average is 0.22, and the 7-day is noted at 0.43. Many investors may have missed the charge, and they keep hoping for stocks to retreat to go on a buying spree. Finding these stocks may involve doing a little more homework. Branching out into uncharted waters may help broaden the horizon and start the gears grinding for new trading ideas.

Taking a deeper look into the technical levels of AYS VENTURES BERHAD (5021.KL), we can see that the Williams Percent Range or 14 day Williams %R now sits at -14.29. It remains to be seen whether optimism or pessimism will rule going in to the next round of quarterly earnings reporting.

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