The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The RSI oscillates on a scale from 0 to 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.
Taking a deeper look into the technical levels of Entrec Corp (ENT.TO), we can see that the Williams Percent Range or 14 day Williams %R now sits at -60.00. Presently, SPDR S&P 500 High Dividend Portfolio ETF (SPYD)’s Williams Percent Range or 14 day Williams %R is resting at -19.55. Normal oscillations tend to stay in the range of -100 to +100. A reading from -80 to -100 would indicate an oversold situation. A reading between 0 and -20 would point to an overbought situation. Looking at the Relative Strength Index, the 14-day RSI is presently standing at 67.45, the 7-day is 77.65, and the 3-day is resting at 84.37.
Active traders have a wide variety of technical indicators at their disposal for completing technical stock analysis. Presently, SPDR S&P 500 High Dividend Portfolio ETF (SPYD) has a 14-day Commodity Channel Index (CCI) of 140.71. The ATR may assist traders with figuring out the strength of a breakout or reversal in price.
The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. In terms of moving averages, the 200-day is now at 28.46, the 50-day is 29.54, and the 7-day is resting at 30.03.
A widely used tool among technical stock analysts is the moving average. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. The fund owned 2,046 shares of the exchange traded fund’s stock after selling 481 shares during the quarter. Moving averages can help identify trends and price reversals.
The ETF is -9.16% of its 52-Week High and 10.69% of its low, and is now having ATR of 0.31.
The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength. The RSI can help display whether the bulls or the bears are now strongest in the market. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. Alternately, if the indicator goes under -80, this may show the stock as being oversold. RSI can also be a valuable tool for trying to spot larger market turns. However, the panic subsided and growth-hungry investors came searching for their favorite stocks in the wreckage. 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. Maybe things haven’t gone as well as planned in the first half of the year, and a few tweaks need to be made to bolster profits in the second half.