Published: Tue, December 05, 2017
Finance | By Loren Pratt

Span A Spotted Above Span B for S&P Dividend Intl SPDR (DWX)

Span A Spotted Above Span B for S&P Dividend Intl SPDR (DWX)

S&P Smallcap Growth ETF SPDR (SLYG)'s Williams Percent Range or 14 day Williams %R is sitting at -9.97.

Tracking recent technical action on shares of S&P Smallcap Growth ETF SPDR (SLYG), we have identified that Span A is now above Span B. Following these signals, traders may be watching to see if the stock is poised for an upswing. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Moving averages are considered to be lagging indicators meaning that they confirm trends. On the flip side, a shorter MA like the 50-day may help with identifying shorter term trading signals. After a recent check, the 14-day RSIfor Plateau Uranium Inc (PLU.V) is now at 67.72, the 7-day stands at 64.52, and the 3-day is sitting at 63.83.

The Williams Percent Range or Williams %R is another technical indicator worth checking out.

Cambridge Advisors Inc. decreased its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 26.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.

Deep diving into the technical levels for Plateau Uranium Inc (PLU.V), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 55.42. Intema Solutions Inc (ITM.V)'s Williams Percent Range or 14 day Williams %R now sits at -100.00. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. A reading from -80 to -100 would signal an oversold situation.

Checking in on some other technical levels, the 14-day RSI is now at 77.23, the 7-day stands at 84.97, and the 3-day is sitting at 86.95. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". The ATR is an indicator developed by J. Welles Wilder. Chart analysts may also use the indicator to project possible price reversals and to define trends. The RSI oscillates on a scale from 0 to 100. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction.

Taking a deeper look into the technicals, S&P 500 Industrial Sector SPDR (XLI) now has a 50-day Moving Average of 71.73, the 200-day Moving Average is 67.96, and the 7-day is noted at 72.60. Some analysts believe that the ADX is one of the best trend strength indicators available. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

One technical indicator that may assist in measuring the strength of market momentum is the Average Directional Index or ADX.

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

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