Is Retail ETF Vaneck (RTH) Ready For a Pullback? RMI in Focus

Monday, 16 Apr, 2018

Indonesia Index ETF Vaneck (IDX) has watched the Triple Exponential Moving Average (TEMA) of it's share price trend higher over the past 5 session. The RMI aims to iimprove upon the widely used Relative Strength Indicator, identifying when shares reach oversold or overbought range. The difference is in the "look back" period.

Of all stocks tracked, VanEck Vectors Semiconductor ETF had the 7th highest net in-flow for the day. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold. The 14-day ADX for Indonesia Index ETF Vaneck (IDX) is standing at 28.73.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. ADX is charted as a line with values ranging from 0 to 100. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. Vaneck Vectors Ucits ETFS Plc (GDGB.L) now has a 14 day Williams %R of -29.87. A value between 0 to -20 would represent a strong overbought condition. A value of 25-50 would indicate a strong trend. If Aroon-Up then remains stable between 70 - 100, while Aroon-Down remains between 0 - 30, it signals confirmation of an uptrend.

Indonesia Index ETF Vaneck (IDX) presently has a 14-day Commodity Channel Index (CCI) of -53.4. 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. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

The MESA Adaptive Moving Average is a technical trend-following indicator which adapts to price movement "based on the rate change of phase as measured by the Hilbert Transform Discriminator". Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy.

The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. RSI can be used to detect general trends as well as finding divergences and failure swings. Checking on another technical indicator, the 14-day RSI is now sitting at 39.24, the 7-day rests at 38.07, and the 3-day is presently at 26.38.