Arihant Capital Markets (ARIHCAPM.BO) Seeing Increased Volatility in Session – Nelson Research


Shares of Arihant Capital Markets (ARIHCAPM.BO) is moving on volatility today 8.60% or 7.45 from the open. The BSE listed company saw a recent bid of 94.10 on 29483 volume.

Value investors are typically focused on the present. They are generally searching for stocks that are trading under their current worth. Growth investors are generally concerned about the future prospects of a particular company, and not as focused on the level that the price has been recently trading at. Growth investors look to purchase shares of companies that are trading above the current intrinsic value, but are projected to grow and exceed the present valuations. Growth investors will typically search for stocks in industries that are expanding at a rapid pace. 

Taking a deeper look into the technical levels of Arihant Capital Markets (ARIHCAPM.BO), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -21.30. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Arihant Capital Markets (ARIHCAPM.BO) currently has a 14-day Commodity Channel Index (CCI) of 253.71. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. 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 RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Arihant Capital Markets’s  14-day RSI is currently at 65.88, the 7-day stands at 76.62, and the 3-day is sitting at 92.71.

Currently, the 14-day ADX for Arihant Capital Markets (ARIHCAPM.BO) is sitting at 19.20. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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