Deep diving into the technical levels for Donegal Group Inc (DGICA), we note that the equity now has a 14-day Commodity Channel Index (CCI) of -89.85. Typically, the CCI oscillates above and below a zero line. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A reading from -80 to -100 would signal an oversold situation. Moving averages can be very helpful for spotting peaks and troughs. At a recent glance the stock touched 11.64 in a recent trade.
Taking a peek at some Moving Averages, the 200-day is at 0.00, the 50-day is 0.00, and the 7-day is sitting at 0.00. The current 14-day RSI is noted at 41.95, the 7-day is 37.44, and the 3-day is seen at 29.19. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. Traders may use these levels to help identify stock price reversals. A level of 50 would indicate neutral market momentum. Amkor Technology Inc (AMKR)'s Williams Percent Range or 14 day Williams %R now sits at -74.45. In general, if the reading goes above -20, the stock may be considered to be overbought. CCI is an indicator used in technical analysis that was designed by Donald Lambert. ADX calculations are made based on the moving average price range expansion over a specified amount of time. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. The 14-day ADX is 17.43. A value of 25-50 would support a strong trend. Moving averages are considered to be lagging indicators meaning that they confirm trends. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.
TD Canadian Aggregate Bond Index ETF (TDB.TO)'s 14-day RSI is presently resting at 34.01.
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Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 43.42, the 7-day stands at 43.47, and the 3-day is sitting at 38.55. As a momentum oscillator, the RSI operates in a set range. Many traders keep an eye on the 30 and 70 marks on the RSI scale. RSI can be used to detect general trends as well as finding divergences and failure swings. BroadSoft Inc (BSFT) now has a 14 day Williams %R of -73.53. Dedicated investors may be looking to employ another tool for doing technical stock analysis. On the flip side, an RSI near 0 may signal weaker momentum. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. One of the more popular combinations is to use the 50-day and 200-day moving averages. When the RSI line moves up, the stock may be experiencing strength. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points.
At the time of writing, the 14-day ADX for Antero Resources Corp (AR) is 13.35. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. 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. Investors will most likely be concentrating on what has proven to work in the past, which may offer a better idea as to how successful the strategies will be heading into the second half of the year and beyond. INV Metals Inc (INV.TO)'s Williams %R presently stands at -71.43. A reading between 0 and -20 would indicate an overbought situation.
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