The Aroon indicator was developed by Tushar Chande in 1995. Technical analysts will use chart patterns to help study market moves and identify these trends. Aroon can be drawn either as two lines, the Aroon Up and Aroon Down. Typically, the CCI oscillates above and below a zero line. Aroon Up will be 100 when the instrument is setting new highs for the period.
Looking at shares from a technical standpoint, iShares Edge MSCI Min Vol EAFE Index ETF (EFAV) presently has a 14-day Commodity Channel Index (CCI) of 5.09. Currently, the 14-day ADX for iShares MSCI Japan ETF (EWJ) is 14.78. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. Values can range from 0 to -100. Many traders keep an eye on the 30 and 70 marks on the RSI scale. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI may be useful for spotting abnormal price activity and volatility.
When completing stock analysis, investors and traders may opt to review other technical levels.
Main Management LLC lifted its holdings in shares of iShares MSCI South Korea Index Fund (ETF) by 11.0% during the 2nd quarter. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. CCI may also be used to help discover divergences that could possibly signal reversal moves. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.
Interested investors may be watching the Williams Percent Range or Williams %R.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator.
Shares of iShares MSCI Taiwan Index (EWT) opened at 37.42 on Tuesday. iShares MSCI Taiwan Index has a 52-week low of $28.92 and a 52-week high of $37.74.
The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. iShares Edge MSCI Min Vol EAFE Index ETF (XMI.TO) now has a 14 day Williams %R of -61.86. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. On the other hand, a reading of -100 would indicate that the stock is oversold.
Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 55.84, the 7-day is 53.98, and the 3-day is now at 51.12 for iShares Edge MSCI Min Vol EAFE Index ETF (EFAV). Many technical chart analysts believe that an ADX value over 25 would suggest a strong 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. As a momentum indicator, the Williams R% has the ability to be used with other technicals to help define a specific trend. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. The 14-day RSI is still a widely popular choice among technical stock analysts. Moving averages are considered to be lagging indicators meaning that they confirm trends.
Ishares MSCI EAFE Growth Index Fund (EFG) are being closely watched by investors as the firm’s Mesa Adaptive Moving Average (MAMA) has moved above the Fractional Adaptive Moving Average (FAMA), indicating that a potential upward move might be forthcoming. They may also be used to help the trader figure out proper support and resistance levels for the stock. SG Americas Securities LLC now owns 1,964,013 shares of the exchange traded fund’s stock worth $67,051,000 after acquiring an additional 1,040,200 shares during the last quarter.