Published: Fri, May 18, 2018
Business | By Tara Barton

BMO India Equity Index ETF (ZID) Declines -1.02% on May 17


Current price levels place the shares above the rising trendline. When the Mass Index is used in combination with a 9-period EMA, a "buy" signal can be seen when the EMA shows a downside cross.

The Williams Percent Range or Williams %R is a technical indicator worth taking a look at. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Uuv Aquabotix Ltd (UUV.AX)'s Williams Percent Range or 14 day Williams %R now sits at -19.23. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Some analysts believe that the ADX is one of the best trend strength indicators available. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). At the time of writing, the 14-day ADX for Nuveen Real Estate Fund (JRS) is 17.43. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. Presently, Ferrari N.V. (RACE) has a 14-day Commodity Channel Index (CCI) of 68.04. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. A reading from -80 to -100 would signal an oversold situation. Traders may also use the reading to identify overbought/oversold conditions. The 14-day RSI is now sitting at 59.71, the 7-day is at 70.98, and the 3-day is spotted at 90.71 for Global Ex-US Real Estate Vanguard (VNQI).

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During the day 154,884 shares traded hands, in comparison to Vanguard Total World Stock ETF's (NYSEARCA:VT) average volume of 1.14 million for the past 30 days. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. As a momentum oscillator, the RSI operates in a set range. The RSI oscillates on a scale from 0 to 100.

Traders may be keeping a close eye on ATR indicators. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. In terms of moving averages, the 200-day is now at 10.39, the 50-day is 9.68, and the 7-day is resting at 9.84. Once the reversal bulge is complete, traders should use other analysis techniques to determine the direction of the next move.

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