IShares Micro-Cap ETF (IWC) Rises 0.78% for May 17
- Jon Butler
The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). A value between 0 to -20 would represent a strong overbought condition. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions.
Taking a peek at some Moving Averages, the 200-day is at 32.04, and the 50-day is 32.15.
Turning to some additional technical indicators, at the time of writing, the 14-day ADX for Clough Global Opportunities Fund (GLO) is standing at 19.03. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. The Williams %R is a momentum indicator that helps measure oversold and overbought levels.
Investors may be looking to compare the current stock price of Retail ETF Vaneck (RTH) to some of its moving averages. The RSI was developed by J. Welles Wilder. ADX is used to gauge trend strength but not trend direction. After a recent check, the 14-day ADX is 18.42. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would indicate 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.
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May 17 is a negative day so far for iShares Russell 3000 ETF (NYSEARCA:IWV) as the ETF is active during the day after losing 0.04% to hit $161.75 per share. They may also be used to help the trader figure out proper support and resistance levels for the stock. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The Balance Step formula is based on near-term moving averages to predict which direction a trend is heading. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.
Checking in on some other technical levels, the 14-day RSI is now at 63.63, the 7-day stands at 75.31, and the 3-day is sitting at 89.69. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. Readings may range from 0 to -100. When the RSI line moves up, the stock may be experiencing strength. The opposite would be the case for a falling ADX line. Chart analysts may also use the indicator to project possible price reversals and to define trends.
Aroon Up for a given time period is calculated by determining how much time (on a percentage basis) elapsed between the start of the time period and the point at which the highest closing price during that time period occurred.