Direxion Daily Technology Bull 3X ETF (TECL) Rises 0.79% for Jan 11

Angelo Anderson
January 13, 2018

The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal.

The parabolic SAR is shown on the charts as a series of small "dots" that are placed either above or below the price. The basic use of the Parabolic SAR is to buy when the dots move below the price bars (signaling an uptrend) and sell/short-sell when the dots move above the price bars (signaling a downtrend).

Interested investors may be watching the Williams Percent Range or Williams %R. The Williams %R oscillates in a range from 0 to -100. A reading from -80 to -100 would indicate an oversold situation. In general, if the indicator goes above -20, the stock may be considered overbought. ADX is used to gauge trend strength but not trend direction. Direxion Daily Euro Stoxx 50 Bull 3X Shares (EUXL)'s Williams Percent Range or 14 day Williams %R now sits at -10.27.

Samco Gold Limited (SGA.V) is seeing positive money flow as the Chalkin (CMF) indicator is holding above the zero line. This range falls on a scale between 0 and 100. Active investors may choose to use this technical indicator as a stock evaluation tool.

Checking in on some other technical levels, the 14-day RSI is now at 64.81, the 7-day stands at 71.16, and the 3-day is sitting at 74.97. If the RSI is closer to 100, this may indicate a period of stronger momentum. RSI measures the magnitude and velocity of directional price movements. The 14-day RSI is still a widely popular choice among technical stock analysts. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. The company's stock had a trading volume of 591,287 shares, compared to its average volume of 555,761. In terms of Moving Averages, the 7-day is resting at 27.49. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. Presently, the 200-day moving average is at 11.58, and the 50-day is 11.63. At the time of writing, the 14-day ADX for Nutranomics Inc (NNRX) is 29.03.

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