Today May 16 Vanguard Mid-Cap Growth ETF (VOT) Increases 0.2%

Doris Richards
May 17, 2018

Author and trader Bill Williams created The Awesome Oscillator Indicator (AO) and outlined the theory and calculation in his book "New Trading Dimensions".

Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. Remember a SMA (simple moving average) will smooth out all the data and make it equal but the Tenkan Line will take the highest high and lowest low over the last 9 periods. It illustrates what's happening to the market driving force at the present moment. Of course, this will result is many false signals in flat or choppy markets. As with most indicators, the AO is best used alongside additional technical signals. Moving averages have the ability to be used as a powerful indicator for technical stock analysis.


Looking at shares from some additional technical standpoints, Bluestar Israel Technology ETF (ITEQ) presently has a 14-day Commodity Channel Index (CCI) of 156.05. The CCI was developed by Donald Lambert. The Williams %R indicator helps show the relative situation of the current price close to the period being observed. On the other end of the spectrum, a younger investor with a longer time horizon might be able to search for stocks with a higher potential for growth that may involve much more risk. After a recent check, the 14-day ADX is 14.96. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). The ADX alone measures trend strength but not direction. Ishares III Plc (SJPA.L) now has a 14 day Williams %R of -7.45. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.

Investors may use various technical indicators to help spot trends and buy/sell signals. Bluestar Israel Technology ETF (ITEQ)'s Williams Percent Range or 14 day Williams %R now sits at -11.48. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Vanguard Consumer Discretionary ETF accounts for approximately 0.0% of Windham Capital Management LLC's holdings, making the stock its 24th largest position. The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. This measurement is based on closing prices over a specific period of time. The Price Range of Vanguard International Equity Index Funds - Vanguard FTSE All-World ex-US ETF (ARCA:VEU) over the past 52 weeks is 0.941. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions.

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