Published: Sat, September 16, 2017
Finance | By Loren Pratt

Market Corner: Eye on Technicals For iShares MSCI Qatar Capped ETF (QAT)


Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. Traders may use these levels to help identify stock price reversals. The institutional investor owned 30,637 shares of the exchange traded fund's stock after selling 63,856 shares during the quarter. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The RSI is computed base on the speed and direction of a stock's price movement. They may also be used to assist the trader figure out proper support and resistance levels for the stock. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.

When applying indicators for technical analysis, traders and investors might want to examine the ATR or Average True Range.


Blue Bird Corp (BLBD) has popped on trader's radar as the share momentum has climbed above the Aroon Up key level of 70. More interesting news about iShares MSCI Italy Index (ETF) (NYSEARCA:EWI) were released by: Etfdailynews.com and their article: "“Italeave” Italy EU Exit Odds Growing Following Trump Victory" published on November 14, 2016 as well as Seekingalpha.com's news article titled: "The Italian constitutional referendum will be held in December." with publication date: November 07, 2016.

Looking at some moving average levels on shares of db x-trackers MSCI Europe Index UCITS ETF (XEOU.L), the 200-day is at 9.17, the 50-day is 9.51, and the 7-day is sitting at 9.57. Presently, the stock has a 14-day RSI of 23.05, the 7-day is sitting at 17.09, and the 3-day is resting at 18.85. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. The Williams %R was developed by Larry Williams. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. If the indicator travels under -80, this may signal that the stock is oversold. Currently, Key Tronic Corp (KTCC) has a 14-day ATR of 0.16. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German market, as measured by the MSCI Germany Index (the Index). The RSI operates in a range-bound area with values between 0 and 100. Moving averages are considered to be lagging indicators meaning that they confirm trends. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. Moving averages can be used to help filter out the day to day noise created by other factors. Since RMI readings above 50 are considered as bullish and RMI readings below 50 are considered as bearish, some traders may choose to generate signals on the crossovers of the RMI and 50 center line: sell when RMI decline below 50 and buy when RMI advances above 50. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. In terms of Relative Strength Index, the 14-day RSI is now sitting at 64.14, the 7-day is 63.37, and the 3-day is spotted at 59.54. A reading over 70 would indicate that the stock is overbought, and possibly overvalued.

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