Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. The knee jerk reaction can be to immediately change up the portfolio mix to help rectify the situation.
Investors may be trying to find stocks that are building momentum.
Over the course of the day 71,325 shares traded hands, as compared to an average volume of 70,380 over the last 30 days for Vanguard Consumer Discretionary ETF (NYSEARCA:VCR). The RSI operates in a range-bound area with values between 0 and 100. Levels above -20 may indicate the stock may be considered is overbought. The crossing of the MAMA and FAMA lines can be used to generate Buy and Sell signals. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. When hard earned money is on the line, individuals may want to pay extra attention as to how their equity holdings are spread out. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Chart analysts may also use the indicator to project possible price reversals and to define trends. Moving averages can be very helpful for spotting peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The 14-day ADX for Midcap ETF Vanguard (VO) presently sits at 31.44.
Presently, Total Intl Stock ETF Vanguard (VXUS) has a 14-day Commodity Channel Index (CCI) of 86.83. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another. The RSI operates in a range-bound area with values between 0 and 100. The normal reading of a stock will fall in the range of 30 to 70. In general, if the reading goes above -20, the stock may be considered to be overbought. A reading from -80 to -100 would indicate an oversold situation.
Checking in on some other technical levels, the 14-day RSI is now at 24.74, the 7-day stands at 20.60, and the 3-day is sitting at 16.72. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The ADX was introduced by J. Welles Wilder in the late 1970's and it has stood the test of time.
The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.
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