A reading above 70 may indicate the stock as overbought, and a reading under 30 may signal that the stock is oversold.
Active traders have a wide range of technical indicators at their disposal for when completing technical stock analysis. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time.
A popular indicator among technical analysts that can help to measure the strength of market momentum is the Average Directional Index or ADX. After a recent check, the 14-day RSI is now at 30.6, the 7-day stands at 19.73, and the 3-day is sitting at 7.26.
The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. iShares MSCI ACWI Low Carbon Target ETF (CRBN) now has a 14 day Williams %R of -66.92. This range falls on a scale between 0 and 100.
Taking a look at another technical level, iShares Currency Hedged MSCI United Kingdom ETF (HEWU) presently has a 14-day Commodity Channel Index (CCI) of -241.21. Developed by Donald Lambert, the CCI measures the variation of a security from its statistical mean. Active investors may choose to use this technical indicator as a stock evaluation tool.
The 14-day ADX for iShares $ Corporate Bond UCITS ETF (LQDE.L) is now at 21.76. It is important to note that the ADX alone measures trend strength but not trend direction. In general, and ADX value from 0-25 would represent an absent or weak trend. A level of 25-50 would signify a strong trend.
Investors may use various technical indicators to help spot trends and buy/sell signals. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.
iShares MSCI South Korea Index Fun (NYSE:EWY) opened at 59.56 on Wednesday. iShares MSCI South Korea Index Fun has a 52-week low of $48.65 and a 52-week high of $62.78. Moving closer to the half-year mark, shares have seen a 26-week change of 6.25. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. The Index has been developed by MSCI Inc as an equity benchmark for its global stock performance.