Market Review: Indicator Watch For Horizons Enhanced Income US Equity ETF USD

18 July, 2017, 06:56 | Author: Leticia Walters
  • Technical charts hint at more fund flows to emerging markets

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. Traders bought 5,936 call options on the company. 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. The indicator is computed by using the average losses and gains of a stock over a certain time period. Many investors may find out the hard way that shortcuts are not the answer to achieving long-term success in the stock market. The 14-day ADX presently sits at 15.18.

Emerging market stocks were moving lower Monday morning after hitting another 52-week high last week; the latest data show GDP in China was healthy, but India's trade deficit expanded. The ATR is not used to figure out price direction, just to measure volatility. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. Sandstorm Gold Ltd (SAND)'s Williams Percent Range or 14 day Williams %R now sits at -8.62. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20. The Williams %R was developed by Larry Williams. Levels above -20 may indicate the stock may be considered is overbought. The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal.

Taking a peek at some Moving Averages, the 200-day is at 9.97, and the 50-day is 25.33. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Some analysts believe that the ADX is one of the best trend strength indicators available. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. The RSI may be used to help spot points of reversals more accurately.

The 14-day ADX for db x-trackers MSCI Indonesia TRN Index UCITS ETF (KJ7.SI) is now at 24.29. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend.

In terms of CCI levels, iShares Core S&P US Total Market Index ETF (XUU.TO) now has a 14-day Commodity Channel Index (CCI) of -101.88. The CCI was created to typically stay within the reading of -100 to +100. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. The company had a trading volume of 458,231 shares.

Checking in on some other technical levels, the 14-day RSI is now at 57.58, the 7-day stands at 73.74, and the 3-day is sitting at 92.32.

The Relative Strength Index (RSI) is a highly popular technical indicator. This range falls on a scale between 0 and 100. The opposite is the case when the RSI line is heading lower. The RSI may be more volatile using a shorter period of time. Technical traders may want to still keep tabs on the fundamentals, and vice-versa. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. Active investors may choose to use this technical indicator as a stock evaluation tool.

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