Published: Thu, February 15, 2018
Business | By Tara Barton

Trading Scope: SuperTrend Above Price for Industrials ETF Vanguard (VIS)

Trading Scope: SuperTrend Above Price for Industrials ETF Vanguard (VIS)

Vanguard Total Stock Market ETF (the Fund) is an exchange-traded share class of Vanguard Total Stock Market Index Fund, which employs a passive management or indexing investment approach created to track the performance of the of the MSCI US Broad Market Index, which represents 99.5% or more of the total market capitalization of all of the United States common stocks traded on the NY and American Stock Exchanges and the Nasdaq over-the-counter market. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending.

When it comes to equity investing, being too confident may be just as detrimental as not being confident enough. This may have investors scrambling to study if developing markets are indeed growing with developed markets. It can also be quite easy to confuse skill with a long-term bull market. Investors looking to capitalize on shorter-term price movements may have a completely different game plan than those who are looking to fin stocks to hold onto for the longer-term. Finding that ideal balance between the needed gusto and the correct amount of caution may help ease the burden moving forward in the equity market. The stock has experienced bearish momentum as it's ATR or Average True Range has dipped consistently over the past 10 sessions.

Tracking other technical indicators, the 14-day RSI is presently standing at 20.08, the 7-day sits at 13.17, and the 3-day is resting at 3.19 for Sht-Term Corp Bond Vanguard (VCSH). The ATR basically measures the volatility of a stock on a day-to-day basis. ADX calculations are made based on the moving average price range expansion over a specified amount of time. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The 14-day ADX for is now 39.49. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A level of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. ADX is used to gauge trend strength but not trend direction. 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.

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Checking in on some other technical levels, the 14-day RSI is now at 41.47, the 7-day stands at 40.61, and the 3-day is sitting at 55.41. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. The ADX was introduced by J. Welles Wilder in the late 1970's and it has stood the test of time. Since its inception, RSI has remained very popular with traders and investors.

The Williams Percent Range or Williams %R is another technical indicator worth taking a look at.

S&P 500 ETF Vanguard (VOO) has a 14-day ATR of 4.20. The RSI oscillates on a scale from 0 to 100. Levels above -20 may indicate the stock may be considered is overbought. A reading from -80 to -100 would indicate an oversold situation. As a momentum oscillator, the RSI operates in a set range. Active traders might be following the signal in order to determine if the stock has entered into a buying territory.

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