Monthly Archive: April 2017

Technical Indicator Review on Shares of Fortune Brands Home & sk© Security SAVER SALE Inc (FBHS)

When applying indicators for technical analysis, traders and investors might want to examine the ATR or Average True Range. The current 14-day ATR for Fortune Brands Home & Security Inc (FBHS) is currently sitting at 0.94. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

Currently, the 14-day ADX for Fortune Brands Home & Security Inc (FBHS) is sitting at 29.29. 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.

Checking in on some other technical levels, the 14-day RSI is currently at 63.00, the 7-day stands at 57.26, and the 3-day is sitting at 40.39. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI has remained very popular with traders and investors. Other technical analysts have built upon the work of Wilder. The 14-day RSI is still a widely popular choice among technical stock analysts.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Fortune Brands Home & Security Inc (FBHS)’s Williams %R presently stands at -39.89. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

Taking a closer look from a technical standpoint, Fortune Brands Home & Security Inc (FBHS) presently has a 14-day Commodity Channel Index (CCI) of 56.47. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

In Chhattisgarh, security forces stop road-opening operations

Written by Dipankar Ghose | Raipur | Published:April 30, 2017 10:03 pm[1]

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FIVE DAYS after 25 CRPF personnel were killed in a Maoist attack in Burkapal area of Sukma, security forces in Chhattisgarh have called off all road-opening duties for the next “10 days to a fortnight”. In two separate ambushes in Bhejji and Burkapal in the last two months, Maoists targeted security forces deployed to protect under-construction roads in the sensitive Bastar region, killing 13 and 25 personnel respectively.

Confirming the development, D M Awasthi, Special DG, Anti-Naxal Operations, told The Indian Express: “For the next 10 days to a fortnight, we have stopped road-opening security parties all over Bastar. This has been done to ensure that for the next few days, they can concentrate on launching anti-Naxal operations.”

Awasthi said that all security camps in Bastar will be operating in their respective areas for the next few days. “So, for instance, if there is a camp, they will launch operations within a four-five kilometre radius or more. The focus for the time being is on ensuring that that there is return of confidence, and the way to do that is to launch operations,” he said.

Senior Chhattisgarh police officers, however, said another reason why road-opening operations had been stopped was to carry out a review based on the Bhejji and Burkapal attacks. “In both cases, there were some
clear lapses. In Burkapal for instance, it seems that while they occupied good defensive positions, they used to rest in the same place everyday. There are also signs that they were in a state of slumber, with some shoes found at the spot, seemingly taken off. These things are still under review, but we will go over what must and must not be done in road-opening operations in the interim. The entire standard operating procedure will be revisited,” said a senior officer.

For all the latest India News[2], download Indian Express App now

References

  1. ^ Dipankar Ghose (indianexpress.com)
  2. ^ India News (play.google.com)

Market Review: Indicator Watch for Nanotech sk© Security SAVER SALE Corp (NTS.V)

Investors may be tracking certain levels on shares of Nanotech Security Corp (NTS.V). The current 50-day Moving Average is 1.27, the 200-day Moving Average is 1.24, and the 7-day is noted at 1.31. Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

Traders may be relying in part on technical stock analysis. Nanotech Security Corp (NTS.V) currently has a 14-day Commodity Channel Index (CCI) of -209.95. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. At the time of writing, the 14-day ADX for Nanotech Security Corp (NTS.V) is 26.74. 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.

The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 35.12, the 7-day is at 24.53, and the 3-day is spotted at 9.52.

By Sherwood Contributor