The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. Of course, this will result is many false signals in flat or choppy markets. Different time periods may be used when using the RSI indicator. Dedicated investors may choose to use this technical indicator as a stock evaluation tool. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. This range falls on a scale between 0 and 100.
Taking a deeper look into the technical levels of Vanguard Information Technology Etf (VGT), we can see that the Williams Percent Range or 14 day Williams %R now sits at -80.40. On the other end of the spectrum, if the indicator goes under -80, this may show the stock as being oversold. A reading between 0 and -20 would point to an overbought situation. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors.
CSG Systems International Inc (CSGS) now has a 14-day Commodity Channel Index (CCI) of -123.88. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions.
With the stock market continuing to move higher (aside from today), investors may be searching for stocks that are still fairly undervalued. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Traders may also use the reading to identify overbought/oversold conditions. Some analysts believe that the ADX is one of the best trend strength indicators available. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies.
Currently, the 14-day ADX for Vanguard Information Technology Etf (VGT) is sitting at 16.27. In general, and ADX value from 0-25 would represent an absent or weak trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone measures trend strength but not direction. However, it can act as the first line of defense in a trend and a breaking of it in the opposite direction of the move can often be a sign of the defenses weakening.
The firms 50 Day SMA price is $50.98 and its 200 SMA price is $48.93. The Awesome Oscillator is created using the difference between the 34-period and 5-period simple moving averages of the bar's midpoints (H+L)/2. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very helpful for identifying peaks and troughs. In some cases, MA's may be used as strong reference points for spotting support and resistance levels.