Ticker Watch: Technical Views on Shares of Lakes Oil NL

Ausiliatrice Cristiano
Agosto 7, 2017

Nuveen Quality Municipal Income Fund moved -0.06 in the most recent session and touched 14.31 on a recent tick. Different time periods may be used when using the RSI indicator. Because the TL (Tenkan Line) uses price instead of an averaging or the closing prices, it mirrors price better and is more representative of it. You can see this when the TL flattens in small portions to move with price and its moments of ranging.

Value investors may be scanning the shelves for bargain stocks. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Investors tracking the fundamentals may be looking closely at many different factors. Investors may be hoping for sustained upward trends where stocks calmly and steadily advance in that direction. Consistently beating the market may involve heavy amounts of homework, and a necessary rebalancing of the portfolio.

Traders may be focusing on other technical indicators for stock assessment. Ishares Lehman 20 Year (TLT)'s Williams Percent Range or 14 day Williams %R now sits at -34.27. The Average True Range is an investor tool used to measure stock volatility. The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. The ATR is an indicator developed by J. Welles Wilder. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

The Williams Percent Range or Williams %R is an additional technical indicator worth taking a look at. AVTOVAZ pref. (AVAZP.ME) now has a 14 day Williams %R of -52.17. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. UNIMECH GROUP BERHAD (7091.KL)'s Williams %R presently stands at -60.00. Levels above -20 may indicate the stock may be considered is overbought. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. 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.

Akin to all moving averages, the angle of the Tenkan line is very important as the sharper the angle, the stronger the trend while the flatter the Tenkan, the flatter or lesser the momentum of the move is.

Currently, the 14-day ADX for MEC Resources Ltd (MMR.AX) is sitting at 51.35. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Xtek Ltd (XTE.AX) now has a 14-day Commodity Channel Index (CCI) of -139.29. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was created to typically stay within the reading of -100 to +100. If the indicator travels under -80, this may signal that the stock is oversold. Many traders keep an eye on the 30 and 70 marks on the RSI scale. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.

Traders are paying renewed attention to shares of Ecobalt Solutions Inc (ECSIF).

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 45.36, the 7-day is 46.85, and the 3-day is now at 35.32 for XTD Ltd (XTD.AX). Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. The RSI oscillates on a scale from 0 to 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. The RSI may be useful for spotting abnormal price activity and volatility. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. Traders may use these levels to help identify stock price reversals.

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