Watching Shares of Deutsche X-trackers MSCI South Korea Hdg Eqty ETF (DBKO) — Technical Focus

Cornelia Mascio
Settembre 13, 2017

Deutsche X-trackers MSCI AP x Japan Hdg Eq ETF (DBAP)'s MACD Histogram reading is now below the zero line, indicating a neutral or negative chart trend for the shares. The indicator is computed by using the average losses and gains of a stock over a certain time period. When the RSI line moves up, the stock may be experiencing strength. When the MAMA crosses above the FAMA, it means that the shares are likely to move higher. But like all derivatives of price, it's much smoother than price itself. If the shares reach the +80 level, this would signify that the shares have entered overbought territory. Losing trade signals occur when crossovers occur in rapid succession due to choppy price action. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Combing different elements of each strategy makes the indicator more useful, such as taking buy signals following a bullish divergence. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. At the time of writing, the 14-day ADX for Deutsche X-trackers MSCI South Korea Hdg Eqty ETF (DBKO) is noted at 18.88. In terms of Moving Averages, the 50-day is 26.80, the 200-day is at 24.27, and the 7-day is 27.49. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. They may also be used to help find support or resistance levels.

Taking a quick look at technical levels and trend lines, we see that the stock has a 14-day ADX of 10.62. Checking on another technical indicator, the 14-day RSI is now sitting at 54.40, the 7-day rests at 61.15, and the 3-day is presently at 78.87 for Deutsche X-trackers MSCI Euro Hi Dv Yld Hdg Eq ETF (HDEZ). Values can range from 0 to -100. The CCI was created to typically stay within the reading of -100 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 Stochastics oscillator is used to add confirmation to the trade entry.

Deutsche X-trackers MSCI All Wld x US Hdg Eqty ETF (DBAW) now has a 14-day Commodity Channel Index (CCI) of 233.13. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. Developed by Larry Williams, this indicator helps spot overbought and oversold market conditions. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold).

Narrowing in on Moving Averages, the 200-day for Deutsche X-trackers MSCI Germany Hedged Equity ETF (DBGR) is at 26.56, the 50-day is 26.82, and the 7-day is resting at 26.87. In general, and ADX value from 0-25 would represent an absent or weak trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI value will always move between 0 and 100. The normal reading of a stock will fall in the range of 30 to 70. A reading between 0 and -20 would indicate an overbought situation. Alternately, if the indicator goes under -80, this may show the stock as being oversold. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 58.54, the 7-day stands at 66.27, and the 3-day is sitting at 79.10.

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