Taking a deeper look into the technical levels of iShares MSCI Mexico Investable Market Index Fund (EWW), we can see that the Williams Percent Range or 14 day Williams %R now sits at -51.49. However, it is important to not use the Tenkan line as a gauge of the trend but more so the momentum of the move. However, it can act as the first line of defense in a trend and a breaking of it in the opposite direction of the move can often be a sign of the defenses weakening. As always, the values may need to be adjusted based on the specific stock and market.
We can also do some further technical analysis on the stock. Investors looking for growth stocks may be willing to shell out a little more for a stock that has the possibility of increasing EPS at a quicker pace. One investor may find one way that works for them, and another investor might find something completely different when it comes to portfolio picking.
Investors and traders using technical analysis to examine stocks may be interested in taking a look at additional technical indicators such as the ATR or Average True Range. After a recent check, iShares MSCI Mexico Investable Market Index Fund’s 14-day RSI is now at 50.34, the 7-day stands at 43.42, and the 3-day is sitting at 26.37. As the dust settles, investors might be monitoring stock price activity following the earning release in order to set up a plan for trading around the next earnings season. RSI measures the magnitude and velocity of directional price movements. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time.
The ETF is -0.04% of its 52-Week High and 2.02% of its low, and is now having ATR of 0.05.
SPDR S&P Internet ETF’s Williams Percent Range or 14 day Williams %R now sits at -76.07. Brown & Brown Inc (BRO) now has a 14 day Williams %R of -19.29. The 14 day Williams %R for Ishares Msci Value Index Fund (EFV) is noted at -52.59. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. The normal reading of a stock will fall in the range of 30 to 70. Moving averages can help spot trends and price reversals. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. The ADX measures the strength or weakness of a particular trend. One of the most popular time frames using RSI is the 14-day.
At the time of writing, the 14-day ADX for Vanguard Financials Etf (VFH) is 12.96. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A value of 25-50 would support a strong trend. A level of 50 would indicate neutral market momentum. With the enormous amount of uncertainty that follows the global investing world on a daily basis, it may be helpful for investors to be able to keep their emotions in check.
Ishares Msci Value Index Fund (EFV) now has a 14-day Commodity Channel Index (CCI) of 45.04. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend.
The MFI was created by Gene Quong and Avrum Soudack and they believed a reading above 70-80 would signify Overbought territory where a reading below 20-10 would indicate that the conditions were indicative of an Oversold price level. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.
Traders are paying renewed attention to shares of Vanguard MSCI Australian Large Companies Index ETF (VLC.AX). The current 14-day RSI is presently sitting at 41.77, the 7-day is 40.74, and the 3-day is 32.98. The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI oscillates on a scale from 0 to 100. When the Tenkan-Sen line crosses and moves above the Kijun-Sen line, this is generally considered a bullish signal. The opposite is the case when the RSI line is heading lower. The indicator is computed by using the average losses and gains of a stock over a certain time period. The key as with most things in life is to figure out how to learn from past mistakes and use that knowledge to make better decisions going forward.