Shares of E -Commodities Holdings Ltd (1733.HK) is moving on volatility today 1.27% or 0.01 from the open. The HKSE listed company saw a recent bid of 0.80 on 5184000 volume.
Successful traders are generally adept at figuring out which publically traded stocks are worth purchasing, and which ones are best left alone. Traders looking to buy shares will typically have an attack plan. They will look at all the outstanding factors to analyze what stocks are ripe for buying, and then calculate the best possible entry point. Traders will often be on their toes at all times, but especially when the market takes a bearish turn and buying opportunities are plentiful.
Taking a deeper look into the technical levels of E -Commodities Holdings Ltd (1733.HK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -85.71. 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.
E -Commodities Holdings Ltd (1733.HK) currently has a 14-day Commodity Channel Index (CCI) of -59.07. 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, E -Commodities Holdings Ltd’s 14-day RSI is currently at 42.86, the 7-day stands at 41.64, and the 3-day is sitting at 56.91.
Currently, the 14-day ADX for E -Commodities Holdings Ltd (1733.HK) is sitting at 11.84. 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.