Ticker Watch: Technical Views on Shares of BetaPro Natural Gas

Xavier Trudeau
Juin 9, 2017

At the time of writing, the 14-day ADX for BetaPro Natural Gas -2x Daily Bear ETF (HND.TO) is noted at 18.41. The ATR is not used to figure out price direction, just to measure volatility. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. It is important to note that the ADX alone measures trend strength but not trend direction.

Currently, the 14-day ADX for iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMO.L) is sitting at 61.80. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. Welles Wilder to help determine how strong a trend is. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. The 14-day RSI is now sitting at 54.84, the 7-day is at 51.63, and the 3-day is spotted at 40.72. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Checking on the Relative Strength Index, the 14-day RSI is presently standing at 43.07, the 7-day is 38.61, and the 3-day is resting at 45.17. Since its inception, RSI has remained very popular with traders and investors. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978.

Sharp investors may be looking to examine the Williams Percent Range or Williams %R. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions.

Taking a look at the technicals, we can see that iShares US Consumer Services ETF (IYC) has a 14-day RSI of 74.27. The data is represented graphically by fluctuating between a value of 0 and 100. A reading between 0 and -20 would indicate an overbought situation. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold.

IShares Edge MSCI USA Momentum Factor UCITS ETF (IUMO.L) now has a 14-day Commodity Channel Index (CCI) of 139.22. The RSI operates in a range-bound area with values between 0 and 100. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

Under recent market conditions, it may be quite hard to be overly bearish.

In today's economic arena, investors are constantly bombarded with extreme predictions about the stock market. Some may choose to be fully invested while others may keep some cash on the sidelines. Even the most seasoned investors may not be able to successfully time the market.

iShares MSCI France ETF, formerly iShares MSCI France Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the French market, as measured by the MSCI France Index (the Index).

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