Taking a closer look at shares of Bright Smart Securities & Commodities Group Ltd (1428.HK), we have seen that the 14 day Stochastic RSI is showing signs of a bearish divergence. Traders may be watching these shares closely over the next few sessions to spot any potential bearish move or oversold reversal.
At the time of writing, the 14-day ADX for Bright Smart Securities & Commodities Group Ltd (1428.HK) is 18.47. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.
Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 2.46.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Bright Smart Securities & Commodities Group Ltd (1428.HK)’s Williams Percent Range or 14 day Williams %R is resting at -81.48. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, Bright Smart Securities & Commodities Group Ltd (1428.HK) has a 14-day Commodity Channel Index (CCI) of -60.65. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.
Traders are paying renewed attention to shares of Bright Smart Securities & Commodities Group Ltd (1428.HK). The current 14-day RSI is presently sitting at 46.99, the 7-day is 43.33, and the 3-day is 33.65. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.