Reading Between The Lines on RED EMPEROR RES (RMP.L)

Reading Between The Lines on RED EMPEROR RES (RMP.L)

Taking a look at the numbers, RED EMPEROR RES (RMP.L) has a 14-day Commodity Channel Index (CCI) of 30.58. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold […]

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Market Corner: Eye on Technicals For Asa Resource Group PLC (ASA.L)

Market Corner: Eye on Technicals For Asa Resource Group PLC (ASA.L)

Many technical traders will be taking a look at different indicators to help figure out where shares may be heading. At the time of writing, Asa Resource Group PLC (ASA.L) has a 14-day Commodity Channel Index (CCI) of 89.35. Although the indicator uses the term commodity, CCI can be translated to use on other investment tools such as stocks. The CCI was developed to typically stay within the -100 to […]

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BHP Billiton PLC (BLT.L) Technical Stock Indicators in Focus

BHP Billiton PLC (BLT.L) Technical Stock Indicators in Focus

Technical traders may be looking at recent indicator levels on shares of BHP Billiton PLC (BLT.L). After a recent check, the 50-day Moving Average is 1200.95, the 200-day Moving Average is 1277.14, and the 7-day is noted at 1292.55. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock […]

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Technical Watch on GlaxoSmithKline PLC (GSK.L) Levels

Technical Watch on GlaxoSmithKline PLC (GSK.L) Levels

Shares of GlaxoSmithKline PLC (GSK.L) have recently come under renewed examination. 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 […]

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Crunching the Numbers for Tullow Oil PLC (TLW.L)

Crunching the Numbers for Tullow Oil PLC (TLW.L)

Tullow Oil PLC (TLW.L) has a current 14-day RSI of 50.78, the 7-day is 57.88, and the 3-day is resting at 53.96.  The RSI, or Relative Strength Index is a widely used oscillating indicator among traders and investors. The RSI operates in a range-bound territory with values between 0 and 100. When the RSI line heads up, the stock may be showing strength. The opposite is the case when the […]

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