Positive Chaikin Money Flow Spotted in Wynn Resorts Ltd (WYNN)

Claudine Rigal
Août 3, 2017

The Schaff indicator, created by Doug Schaff in 2008, behaves in a way like an oscillator, identifying overbought and oversold conditions in the market. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. If the levels breach the key 70 level, a market reversal will be likely, according to this signal. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. When CMF is above zero it is indicator of buying pressure and when it is below zero it is indicator of selling pressure. After a recent check, the 14-day RSIfor Systemax Inc (SYX) is now at 73.68, the 7-day stands at 81.85, and the 3-day is sitting at 91.27. The 14-day RSI is still a widely popular choice among technical stock analysts. RSI helps measure changes in price movement of a specific equity. The Williams %R oscillates in a range from 0 to -100. The RSI was developed by J. Welles Wilder in the late 1970's. As a general rule, an RSI over 70 may indicate an overbought situation.

Value investors may be scanning the shelves for bargain stocks. They may be looking to spot those shares that haven't been doing a whole lot and are being generally overlooked by the investing world. Value investors may be searching for stocks with lower price to earnings ratios that possess higher dividend yields. Investors looking for growth stocks may be willing to shell out a little more for a stock that has the possibility of increasing EPS at a quicker pace. One investor may find one way that works for them, and another investor might find something completely different when it comes to portfolio picking.

Wynn Resorts Ltd (WYNN) now has a 14-day Commodity Channel Index (CCI) of -138.22. A reading from -80 to -100 would indicate an oversold situation. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. 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.

Checking in on moving averages, the 200-day is at 0.80, the 50-day is 0.85, and the 7-day is sitting at 0.83. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. At the time of writing, the 14-day ADX for Smith & Nephew PLC (SN.L) is noted at 18.35. In some cases, MA's may be used as strong reference points for finding support and resistance levels.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. Trends are often measured and identified by "trendlines". 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. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. Pelangio Exploration Inc (PX.V) now has a 14 day Williams %R of -50.00. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. A sell signal occurs when the CMF value crosses from above the 0 line to below the 0 line. Presently, SENTORIA GROUP BERHAD (5213.KL)'s Williams Percent Range or 14 day Williams %R is resting at -88.89.

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. Presently, the 14 day Williams %R is -65.52. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.

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