Magellan Health Inc (MGLN) Chaikin Money Flow Above Zero Line

Bruno Cirelli
Agosto 3, 2017

If the levels breach the key 70 level, a market reversal will be likely, according to this signal. The CMF is based largely on the Accumulation Distribution Line; it compares the close value with the high and the low for that same day. When CMF is above zero it is indicator of buying pressure and when it is below zero it is indicator of selling pressure. Checking in on some other technical levels, the 14-day RSI is now at 52.02, the 7-day stands at 54.70, and the 3-day is sitting at 58.27. The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The data is represented graphically by fluctuating between a value of 0 and 100. RSI can be used to help spot overbought or oversold conditions. On the other end of the spectrum, a reading under 30 may indicate an oversold situation. On the flip side, many investors may hold onto stocks for far too long after they have slipped drastically. 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. Searching for value in the current investing landscape may be a priority for some investors. Many investors may be looking too closely at stocks that have been on the rise, and they might not be checking on the underlying fundamental data. The mindset of one investor may be completely different from another. As markets tend to move in cycles, it may be necessary to align the portfolio to the category that is best positioned to make consistent gains in the future. Goldstone Technologies Ltd. (GOLDTECH.BO) now has a 14-day Commodity Channel Index (CCI) of 279.94. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. A Williams %R that lands between -80 to -100 is typically seen as being in strong oversold territory. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Needle moving action has been spotted in Royal India Corporation Limited (ROYALIND.BO) as shares are moving today on volatility -1.80% or -0.03 from the open. One of the most popular time frames using RSI is the 14-day. In some cases, MA's may be used as strong reference points for spotting support and resistance levels.

Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. Pelangio Exploration Inc (PX.V) now has a 14 day Williams %R of -50.00. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

Taking a look at some additional technical indicators, we see that now Magellan Health Inc (MGLN)'s Williams Percent Range or 14 day Williams %R is resting at -89.85.

The Williams %R is created to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. Managing risk is generally at the forefront of many strategies. Smith & Nephew PLC (SN.L) now has a 14 day Williams %R of -53.59. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions.

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