BOC Hong Kong Holdings Ltd (BNKHF) TEMA Picking up Steam

Paterniano Del Favero
Agosto 4, 2017

TEMA can also be used as a momentum indicator. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. The benefit of the Schaff Trend Cycle is that it is meant to be quicker than the standard macd and stochastic signals. The MESA Adaptive Moving Average, which was developed by John Ehlers, is a technical trend-following indicator which adapts to price movement "based on the rate change of phase as measured by the Hilbert Transform Discriminator". Then the "price" is smoothed using a mofidied Wilders' smoothing algorithm. A reading between 0 and -20 would point to an overbought situation. The STC indicator fluctuates between 0 and 100. This range falls on a scale between 0 and 100. This measurement is based on closing prices over a specific period of time.

When a commodity trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), investors usually show more interest as the price nears either the high or the low. Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

When getting into the markets, most investors realize that riskier stocks may have an increased potential for higher returns. Leaping into the market without proper research or a solid plan may leave the investor on the short end of the stick.

Hong Kong Life Sciences and Technologies Group Ltd's Williams Percent Range or 14 day Williams %R now sits at -75.00. Active investors may choose to use this technical indicator as a stock evaluation tool. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Keeping an eye on Moving Averages, the 50-day is 1.97, the 200-day is at 1.94, and the 7-day is 1.88 for Hong Kong and China Gas Co Ltd (HOKCY).

Their 7-Day Average Directional Strength, the strength of the signal compared to its historical performance where Maximum is the strongest this signal has been and Minimum is the weakest, is Average. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. In some cases, MA's may be used as strong reference points for spotting support and resistance levels. The ADX alone measures trend strength but not direction.

CK Property, which was only spun-off from Li's Cheung Kong holding company two years ago, has recently diversified from real estate amid fears that the Hong Kong market is overheating. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 25-50 would indicate a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The Williams %R oscillates in a range from 0 to -100.

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. The 14 day Williams %R for Torrent Power Limited (TORNTPOWER.NS) is noted at -61.68. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.

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