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ibusinesslines.com July 23, 2018


Roof Eidam & Maycock ADV Boosts Position in Vanguard MSCI EAFE ETF (VEA)

13 August 2017, 06:01 | Kelvin Horton

Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI was created to typically stay within the reading of -100 to +100. This is a potential signal that strength is building for the upward trend.

Tracking moving averages is one of the most universally used techniques for performing technical stock analysis.

Vanguard MSCI Europe ETF has a 50 day moving average of 55.80 and a 200 day moving average of 53.04. The 14-day RSI is presently standing at 57.26, the 7-day is 56.26, and the 3-day is resting at 35.54. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. A value between 0 to -20 would represent a strong overbought condition. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions.


The Awesome Oscillator for BMO Equal Weight US Banks Index ETF (ZBK.TO) is showing a five day consistent uptrend, signaling building market momentum for the shares. Sumitomo Electric Industries Ltd (SMTOY)'s Williams Percent Range or 14 day Williams %R now sits at -96.84. 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. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

We can also take a look at the Average Directional Index or ADX of Vanguard FTSE 250 UCITS ETF GBP (VMID.L). For traders looking to capitalize on trends, the ADX may be an essential technical tool. Values can range from 0 to -100. Alternatively, when the MAMA crosses below the FAMA a sell signal is given.The MESA Adaptive Moving Average is a technical trend-following indicator which adapts to price movement "based on the rate change of phase as measured by the Hilbert Transform Discriminator". The 14-day ADX presently sits at 21.53. In general, an ADX value from 0-25 would indicate an absent or weak trend.

Akin to all moving averages, the angle of the Tenkan line is very important as the sharper the angle, the stronger the trend while the flatter the Tenkan, the flatter or lesser the momentum of the move is. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. If the political landscape gets even more dysfunctional, then it may be enough of a driver to spur a correction. The tricky part is prognosticating the short term picture. Will investors just become numb to the headlines and decide to focus on the positive economic picture?



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