Overbought values are 70 to 100 and investors might look to sell rallies in downtrends when the signal line crosses down from above 80 to below 80. The 14-day RSI is now sitting at 53.74, the 7-day is at 48.4, and the 3-day is spotted at 41.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI can help show whether the bulls or the bears are now strongest in the market. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. 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. At the time of writing, Vanguard Funds Plc (VETY.L) has a 14-day Commodity Channel Index (CCI) of -183.08. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
Investors may be trying to figure out which chart patterns or technical indicators to use. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. The 14-day ADX for Solar Wind Energy Tower Inc (SWET) is now at 18.83. A value of 25-50 would indicate a strong trend. 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. Some analysts believe that the ADX is one of the best trend strength indicators available.
Investors may be studying other technical indicators like the Williams Percent Range or Williams %R.
Vanguard Funds Plc (VETY.L) now has a 14 day Williams %R of -100.00. First Cash Fin Svcs (FCFS)'s Williams %R presently stands at -51.02. The data is represented graphically by fluctuating between a value of 0 and 100. In general, if the level goes above -20, the stock may be considered to be overbought. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.
Checking in on moving averages, the 200-day is at 0.00, the 50-day is 0.00, and the 7-day is sitting at 0.00.
A commonly used tool among technical stock analysts is the moving average. They may also be used to assist the trader figure out proper support and resistance levels for the stock. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward.
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