They may also be used to help the trader figure out proper support and resistance levels for the stock. The stock has moved north 0.73% over the past week of trading. Of course, nobody can say for sure how long the markets will continue to climb.
Investors might be looking into the magic eight ball trying to project where the stock market will be heading over the next few months. The 14-day RSI for Alembic Ltd. (ALEMBICLTD.BO) is now at 33.03, the 7-day stands at 18.76, and the 3-day is sitting at 2.63.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. The Aroon Up trend when it reaches above 70 indicates that the uptrend is gaining momentum.
Currently, the 14-day ADX for Amerigas Partners LP (APU) is sitting at 15.17. In general, a rising ADX line means that an existing trend is gaining strength. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI operates in a range-bound area with values between 0 and 100. The RSI may be useful for spotting abnormal price activity and volatility. Values can range from 0 to -100. Typically, if the value heads above -20, the stock may be considered to be overbought. A reading over 70 would indicate that the stock is overbought, and possibly overvalued.
Market Vectors Gold Miners ETF (NYSE GDX) opened at 23.08 on Friday.
Large investors have recently modified their holdings of the company. Of all stocks tracked, Market Vectors Gold Miners ETF had the 7th highest net in-flow for the day. The Williams %R is a momentum indicator that helps measure oversold and overbought levels.
At the time of writing, VanEck Vectors Treasury-Hedged High Yield Bond ETF (THHY) has a 14-day Commodity Channel Index (CCI) of -191.23. 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.
Currently, the 14-day ADX for VanEck Vectors Agribusiness ETF (MOO) is sitting at 22.53. Stocks have the tendency to make sudden moves on even the slightest bit of news or for apparently no reason at all.
Trying to predict the day to day short-term movements of the stock market can be almost impossible.