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Trading Notes: Ultimate Oscillator Below 40 for This Stock

13 September 2017

Currently, Baltia Air Lines Inc (BLTA) has a 14-day ATR of 0.00. The normal reading of a stock will fall in the range of 30 to 70. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder.

The ETF is -16.26% of its 52-Week High and 70.84% of its low, and is now having ATR of 1.48. RSI can be used to help spot overbought or oversold conditions. After a recent check, the 14-day RSI is now at 25.76, the 7-day stands at 23.71, and the 3-day is sitting at 27.58. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R oscillates in a range from 0 to -100. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. Alternately, if the indicator goes under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends. Moving averages are considered to be lagging indicators meaning that they confirm trends. The ADX alone measures trend strength but not direction. ADX is used to gauge trend strength but not trend direction. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points.

Shares of Direxion Daily S&P Biotech Bear 1X Shares (LABS) now have a 14-day ADX of 26.27. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would suggest 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. Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

Direxion Daily Small Cap Bull 2X Shares (SMLL) now has a 14-day Commodity Channel Index (CCI) of 97.50. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. The CCI was created to typically stay within the reading of -100 to +100. A buy signal is created when the Tenkan-sen line moves above the Kijun-Sen, while a sell signal is created when the Tenkan-Sen line moves below the Kijun-Sen line. Traynor Capital Management Inc. now owns 14,485 shares of the exchange traded fund's stock worth $834,000 after acquiring an additional 1,490 shares during the last quarter.

Tracking the RSI levels for Direxion Daily CSI 300 China A Share Bear 1X Shs (CHAD), the 3-day RSI stands at 47.00, the 7-day sits at 29.39 and the 14-day (most common) is at 29.54.

The Relative Strength Index (RSI) oscillates between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. ADX is charted as a line with values ranging from 0 to 100. RSI measures the magnitude and velocity of directional price movements. Technical traders may want to still keep tabs on the fundamentals, and vice-versa. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Following moving averages with different time frames may help offer a wide variety of stock information.

Typically bull markets are times when investors may be willing to be a bit more speculative with stock selection. It can be extremely hard to decide when to sell, especially when data seems positive and most signs are pointing higher. Sometimes, investors will become attached to a stock that had been thoroughly researched. Following long-term trends may help the investor see the bigger picture of what has been going on with a specific stock or sector.