Trading Radar: Zooming in on Shares of Welspun Corp Limited

Pierre Vaugeois
Juillet 17, 2017

This chart is used to project 1 bar forward (one day). Originally developed by Donald Lambert, the CCI was created to identify long-term changes in trends, but it has been used by traders for different time periods. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. When the price is below the Balance Step, this generally spells a bearish trend. For traders looking to capitalize on trends, the ADX may be an essential technical tool.

Currently, the 14-day ADX for Rajratan Global Wire Ltd. (RAJGLOWIR.BO) is sitting at 16.04. The Average True Range is an investor tool used to measure stock volatility. RSI measures the magnitude and velocity of directional price movements. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. Wilder has developed multiple indicators that are still quite popular in today's investing landscape.

Merdeka Financial Services Group Ltd's Williams Percent Range or 14 day Williams %R now sits at 0.00. Black Stone Minerals L.P. (BSM) now has a 14 day Williams %R of 0.00.

RIT Capital Partners PLC (RCP.L)'s Williams Percent Range or 14 day Williams %R presently is at -76.67. Omaxe Ltd. (OMAXE.BO)'s Williams %R presently stands at -52.99. A reading between 0 and -20 would indicate an overbought situation. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. We can also take a look at the Average Directional Index or ADX of the stock. 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 investors will use the CCI in conjunction with other indicators when evaluating a trade. The 14-day ADX for Barclays PLC (BCY.DE) is now at 17.47. A value of 25-50 would support a strong trend. A level 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.

Investors may be trying to decide if stocks will make new highs before the year is out, and whether or not the bull market will celebrate its 9th anniversary next year.

Rural Electrification Corporation Limited (RECLTD.BO) has a 14-day Commodity Channel Index (CCI) of 74.17. The RSI oscillates on a scale from 0 to 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

Traders are paying renewed attention to shares of Black Stone Minerals L.P. (BSM). After a recent check, the 14-day RSIfor Merdeka Financial Services Group Ltd (8163.HK) is now at 45.62, the 7-day stands at 33.12, and the 3-day is sitting at 14.39. The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI value will always move between 0 and 100. 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. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. As a general rule, an RSI reading over 70 would signal overbought conditions.

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