What's Happening With Shares of Strongbridge Biopharma plc (SBBP) — Technical Focus

Cornelia Mascio
Settembre 13, 2017

Shares of El Oro Ltd (ELX.L) touched a high of 65.00 and dipped down to a low of 65.00 before settling at 67.00 in the most recent session.

The difference is represented by vertical lines in a series. The RSI may be more volatile using a shorter period of time. Which means it lags price quite a bit. Losing trade signals occur when crossovers occur in rapid succession due to choppy price action. Divergence between MFI and the price direction can also be indicative of a reversal. 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 reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Active traders have a wide range of technical indicators at their disposal for when completing technical stock analysis. Currently, the 14-day Commodity Channel Index (CCI) for Southern Banc Company Inc (SRNN) is sitting at -37.68. 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. There are many different technical indicators that traders can choose to study. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. Short-term traders using technical analysis may be looking to score quick profits by capitalizing on the fluctuations of stock prices.

Currently, the 14-day ADX for Genesys International Corporation Limited (GENESYS.NS) is sitting at 33.73. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). The ADX alone measures trend strength but not direction. The Williams %R oscillates in a range from 0 to -100. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Developed by Larry Williams, this indicator helps spot overbought and oversold market conditions. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20. A reading from -80 to -100 would indicate an oversold situation.

Tracking other technical indicators, the 14-day RSI is presently standing at 40.68, the 7-day sits at 33.49, and the 3-day is resting at 8.35. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. When the RSI line moves up, the stock may be experiencing strength. CCI generally measures the current price relative to the average price level over a specific time period. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. This money flow ratio is what is pushed into an RSI formula to create a momentum indicator. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems".

For further review, we can take a look at another popular technical indicator.

Keeping an eye on Moving Averages, the 50-day is 0.09, the 200-day is at 0.12, and the 7-day is 0.06 for New Dimension Resources Ltd (NDR.V). Moving averages can be used to help filter out the day to day noise created by other factors.

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