Taking a step further, the MACD-Histogram, which was developed by Thomas Aspray in 1986, measures the distance between MACD and its signal line (the 9-day EMA of MACD).
Investors are paying close attention to the charts of Ayala Land Inc (AYAAF), as the shares are holding above the MACD Histogram zero line. If the fast line is above the slow line, MACD-Histogram is positive and plotted above the zero line. Which means it lags price quite a bit.
China Southern Airlines on Tuesday posted a 11.6 percent fall in first-half profit, as foreign exchange gains failed to offset the impact of higher fuel prices and lower returns on global flights. The interesting fact is that like MACD, MACD-Histogram also fluctuates above and below the zero line. The ADX is used to measure trend strength. Losing trade signals occur when crossovers occur in rapid succession due to choppy price action. There are plenty of indicators that have helped traders make winning trades. Zacks Investment Research raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, June 27th. The stock has a 50 day moving average price of $54.07 and a 200 day moving average price of $54.66. The indicator uses similar methods to a MACD i.e uses exponetial moving averages but applies a cycle factor to them. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities. Hong Kong and China Gas Co Ltd (HOKCY)’s Williams Percent Range or 14 day Williams %R presently is at -75.00. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100.
The Hang Seng index rose 1.2 percent, to 28,094.61, while the China Enterprises Index gained 0.7 percent, to 11,374.46 points. Alternatively, when the MAMA crosses below the FAMA a sell signal is given.The MESA Adaptive Moving Average is a technical trend-following indicator which adapts to price movement “based on the rate change of phase as measured by the Hilbert Transform Discriminator”. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors.
China Travel International Investment Hong Kong Ltd (0308.HK) now has a 14-day Commodity Channel Index (CCI) of 100.00. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, an RSI near 0 may signal weaker momentum. The 14-day RSI is now at 45.67, the 7-day stands at 48.40, and the 3-day is sitting at 54.66. Generally speaking, 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.
The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70.
Investors may use various technical indicators to help spot trends and buy/sell signals. ADX is charted as a line with values ranging from 0 to 100. First Allied Advisory Services Inc. now owns 4,289 shares of the Wireless communications provider’s stock worth $227,000 after buying an additional 23 shares during the period. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.