Technicals on Watch For McRae Industries Inc (MCRAA)

Pierre Vaugeois
Juillet 17, 2017

This chart is used to project 1 bar forward (one day). RSI can be used to detect general trends as well as finding divergences and failure swings. The Williams %R indicator helps show the relative situation of the current price close to the period being observed. When the price is below the Balance Step, this generally spells a bearish trend.

A widely used tool among technical stock analysts is the moving average. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. The RSI may be more volatile using a shorter period of time. The average true range indicator was created by J. Welles Wilder in order to measure volatility. Wilder has developed multiple indicators that are still quite popular in today's investing landscape. Interested traders may be keeping an eye on 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.

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. 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.

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. 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. They may also be used to help spot support and resistance levels.

At the time of writing, the 14-day ADX for GLOMAC BERHAD (5020.KL) is 16.59. In general, an ADX value from 0-25 would indicate an absent or weak trend. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.

Investors have the ability to use technical indicators when completing stock research.

8×8 Inc (EGHT) now has a 14-day Commodity Channel Index (CCI) of -35.61. Typically, the CCI oscillates above and below a zero line. The ADX alone measures trend strength but not direction. Jumping in to buy stocks on a pullback may seem like a good idea, but following specific sectors may become increasingly more important. The 14-day RSI is now sitting at 32.63, the 7-day is at 31.58, and the 3-day is spotted at 40.31 for GLOMAC BERHAD (5020.KL). 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 operates in a range-bound area with values between 0 and 100. The RSI value will always move between 0 and 100. The opposite is the case when the RSI line is heading lower. Being able to control panic and pessimism may be a great skill for the investor to use when times get tough. The RSI oscillates on a scale from 0 to 100. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations.

Shares of iShares Global Agriculture Index ETF (COW.TO) have a 200-day moving average of 36.24.

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