InterContinental Hotels (IHG) has enjoyed a boost in quarterly sales as European markets recovered following recent terrorist attacks. The second parameter is the number of periods to average these changes over. Beaufort Securities reiterated a "buy" rating and set a GBX 4,700 ($62.45) price objective on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 9th. Presently, the stock has a 14-day RSI of 50.06, the 7-day is sitting at 49.94, and the 3-day is resting at 42.31. The permissible values for RMI lie in the range between 0 and 100.
A widely used tool among technical stock analysts is the moving average. The moving average can be used as a reference point to help discover buying and selling opportunities. The stock's 50 day moving average price is GBX 3,902.68 and its 200 day moving average price is GBX 4,145.27. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100.
The Williams %R is created to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. A reading between 0 and -20 would point to an overbought situation. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. The 14 day Williams %R for Ivanhoe Mines Ltd (IVPAF) is noted at -63.70. TEMA can also be used as a momentum indicator. Dedicated investors may be looking to employ another tool for doing technical stock analysis. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. In general, a rising ADX line means that an existing trend is gaining strength. 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. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The stock of InterContinental Hotels Group PLC (LON:IHG) earned "Outperform" rating by Credit Suisse on Monday, May 8. 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. The RSI value will always move between 0 and 100. As a general rule, an RSI reading over 70 would signal overbought conditions. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.
The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.