Many investors may have missed the charge, and they keep hoping for stocks to retreat to go on a buying spree. Accomplished investors typically have a well-rounded understanding of how markets function.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. A frequently used tool among technical stock analysts is the moving average.
Over the previous year, iShares Edge MSCI Min Vol Emerg Mkts ETF (:EEMV)'s stock has performed 25.12%. Following moving averages with different time frames may help offer a wide variety of stock information. The ADX was introduced by J. Welles Wilder in the late 1970's and it has stood the test of time. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. At the time of writing, the 14-day ADX for Ishares Core MSCI EAFE IMI Index ETF (XEF.TO) is noted at 19.70. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The average true range indicator was developed by J. Welles Wilder in order to measure volatility.
The Price Index is a ratio that indicates the return of a share price over a past period. The Williams %R oscillates in a range from 0 to -100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. A reading between 0 and -20 would indicate an overbought situation. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
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Tracking the RSI levels for EAFE Growth Index MSCI Ishares (EFG), the 3-day RSI stands at 82.02, the 7-day sits at 80.25 and the 14-day (most common) is at 74.86.
Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Thailand Index MSCI Ishares (THD) is sitting at 109.80. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.
EAFE Growth Index MSCI Ishares (EFG) now has a 50-day Moving Average of 80.22, the 200-day Moving Average is 76.02, and the 7-day is noted at 82.91. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 79.05, the 7-day stands at 84.66, and the 3-day is sitting at 90.86.
The direction of stock market moves in the short-term are highly unpredictable.