Investor Watchlist: Narrowing in on Shares of Cathedral Energy Services Ltd

Paterniano Del Favero
Agosto 2, 2017

Additionally investors may want to examine some alternative technical indicators when studying a stock.

In terms of CCI levels, Western Troy Capital Resources Inc (WTCRF) now has a 14-day Commodity Channel Index (CCI) of 93.71. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. Because MACD uses moving averages and moving averages lag price, signal line crossovers can come late and affect the reward-to-risk ratio of a trade. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Finding continued success in the stock market may entail keeping the portfolio balanced, but also finding the courage to get in when necessary, or get out when needed.

The 14-day ADX for Wipro Ltd (WIT) is now sitting at 31.89. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available. Investors may also be closely watching winners and losers, especially in the technology sector. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. iShares S&P Mid-Cap 400 Growth ETF (IJK)'s Williams Percent Range or 14 day Williams %R now sits at -71.70. Methode Electronics Inc (MEI)'s Williams Percent Range or 14 day Williams %R presently is at -97.87. In general, if the indicator goes above -20, the stock may be considered overbought. A reading between 0 and -20 would point to an overbought situation. After a recent check, GIC HOUSING FINANCE LTD.'s 14-day RSI is now at 34.76, the 7-day stands at 27.60, and the 3-day is sitting at 25.62. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. The Williams %R oscillates in a range from 0 to -100. The RSI value will always move between 0 and 100. The RSI oscillates on a scale from 0 to 100. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems".

For further review, we can take a look at another popular technical indicator.

Taking a peek at some Moving Averages, the 200-day is at 899.56, and the 50-day is 1006.66. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. 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. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action. Conducting thorough fundamental research on stocks even after they have broken out may help the investor understand the reason behind the move, and whether it is likely to continue or if it is just a temporary spike. Investors may be hoping for sustained upward trends where stocks calmly and steadily advance in that direction.

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