Technicals Under Review For Shares of ETFS Wheat (WEAT.L)

Paterniano Del Favero
Agosto 5, 2017

Moving averages can be very useful for identifying peaks and troughs. It illustrates what's happening to the market driving force at the present moment. The CCI was developed to typically stay within the -100 to +100 levels. Of course, this will result is many false signals in flat or choppy markets.

Nectar Lifesciences Limited (NECLIFE.BO) now has a 14-day Commodity Channel Index (CCI) of -186.13. 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". CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

We can also take a look at the Average Directional Index or ADX of the stock. Exeter Resource Corp (XRA)'s Williams Percent Range or 14 day Williams %R now sits at -68.75. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. 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. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. They may also be used to help the trader figure out proper support and resistance levels for the stock. MEPCO (1202.SA)'s Williams Percent Range or 14 day Williams %R now sits at -5.92.

Similar to RSI, the RMI indicator moves in the range of 0 to 100; and the same as with RSI, the relative Momentum Index's values above 70 and below 30 are considered as an indication of overbought and oversold conditions. A reading from -80 to -100 would signal an oversold situation.

Taking a deeper look into the technical levels of Nectar Lifesciences Limited (NECLIFE.BO), we can see that the Williams Percent Range or 14 day Williams %R now sits at -91.40.

The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength. The RSI may be more volatile using a shorter period of time. As a momentum oscillator, the RSI operates in a set range. The Williams %R oscillates in a range from 0 to -100. The Awesome Oscillator is created using the difference between the 34-period and 5-period simple moving averages of the bar's midpoints (H+L)/2. On the flip side, an RSI near 0 may signal weaker momentum. The RSI value will always move between 0 and 100. Here we can take a look at some of the key technical indicators which might be able to provide some insight as to whether the stock can reverse course or continue to stumble. Presently, the 200-day moving average is at 0.20, and the 50-day is 0.14. A favorite tool among technical stock analysts is the moving average. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. 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. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold.

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