Financial Select Sector SPDR Fund Target of Unusually Large Options Trading (XLF)

The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". At the time of writing, Genesis Land Development Corp (GDC.TO) has a 14-day Commodity Channel Index (CCI) of 72.93. A value of 25-50 would support a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. First Trust Value Line Dividend Index Fund (FVD)'s Williams Percent Range or 14 day Williams %R now sits at -6.76. Checking on the Relative Strength Index, the 14-day RSI is presently standing at 59.96, the 7-day is 62.33, and the 3-day is resting at 84.05. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. The RSI may be useful for spotting abnormal price activity and volatility. The data is represented graphically by fluctuating between a value of 0 and 100. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.

Checking in on some other technical levels, the 14-day RSI is now at 42.34, the 7-day stands at 32.57, and the 3-day is sitting at 12.28. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). As a momentum oscillator, the RSI operates in a set range. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Even though the name contains the word commodity, CCI can be used on other investment tools such as stocks. The 14-day RSI is still a widely popular choice among technical stock analysts. Stock investors acquired 6,428 call options on the stock. In terms of moving averages, the 200-day is now at 28.18, the 50-day is 29.17, and the 7-day is resting at 29.77. Sometimes stocks that look too good to be true actually are, and those that are actually very good may not look that enticing.

Latest News