While traders are taking a second look at how shares of Russell 2000 Growth Ishares (IWO) have been performing lately, we can examine some additional key indicators. Traders may be following this reading to spot near-term positive momentum on shares. Active investors may choose to use this technical indicator as a stock evaluation tool. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. The company has a market cap of $2,070.00 and a price-to-earnings ratio of -10.05. iShares MSCI Hong Kong Index Fund has a 1 year low of $20.30 and a 1 year high of $26.17.
Once the individual investor has done all the fundamental homework and found a few stocks that they think are poised to be future winners, they may want to figure out when to best get into the market. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.
Many traders will use a combination of moving averages with different time frames to help review stock trend direction. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.
Stock volatility is a percentage that indicates whether a stock is a desirable purchase. Investors may use Price to Book to display how the market portrays the value of a stock. As a momentum oscillator, the RSI operates in a set range. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. If the number is at zero (0) then there is no evidence of fraudulent book cooking, whereas a number of 6 indicates a high likelihood of fraudulent activity. After a recent check, the 14-day RSI is now at 68.67, the 7-day stands at 81.54, and the 3-day is sitting at 82.70.
If we take a longer approach, shares have been trading 13.47% away from the 200-day moving average. In general, a rising ADX line means that an existing trend is gaining strength. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. Russell 2000 Growth Ishares (IWO)'s Williams %R presently stands at -14.29. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Presently, the 14-day ADX is resting at 31.71.
Needle moving action has been spotted in Russell 2000 Value Ishares (IWN) as shares are moving today on volatility -0.12% or $-0.15 from the open. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.
At the time of writing, Ishares EAFE Smallcap ETF (SCZ) has a 14-day Commodity Channel Index (CCI) of 136.65. As a general rule, an RSI reading over 70 would signal overbought conditions.