Force Commodities Ltd (4CE.AX) shares are moving today on volatility 7.89% or 0.003 from the open. The ASX listed company saw a recent bid of 0.041 and 38250000 shares have traded hands in the session.
As most investors know, the stock market can be a highly volatile place. Investors often have to figure out a way that they can personally stay on track so they don’t veer of course. Sticking to a well-researched trading strategy may work for some people. Others may jump into the market head first without too much planning and hope to gain profits by learning as they go. The stock market learning curve may be vastly different for individuals depending on their circumstances and backgrounds. What’s good for one person may not be good for another. When the markets are rising steadily and running along smoothly, investors may feel like they can do no wrong when it comes to picking stocks. People who become overconfident in their abilities may be faced with a harsh reality when the market shifts and momentum builds to the downside. Investors who are prepared for any economic situation might be able to much better ride out the storm when the time comes.
Digging deeping into the Force Commodities Ltd (4CE.AX) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at 5.00. 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.
Force Commodities Ltd (4CE.AX) currently has a 14-day Commodity Channel Index (CCI) of 186.05. 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.
Currently, the 14-day ADX for Force Commodities Ltd (4CE.AX) is sitting at 44.54. 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.
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, the 14-day RSI for Force Commodities Ltd is currently at 89.40, the 7-day stands at 96.36, and the 3-day is sitting at 99.71.