Trading Box: Plus Directional Indicator Seen Above Minus Directional Indicator for Macquarie Group Ltd (MQG.AX)

Zooming in closer on shares of Macquarie Group Ltd (MQG.AX), we have noted that the Plus Directional Indicator is currently above the Minus Directional Indicator. Traders following these indicators might be looking for the stock to be gaining bullish momentum.

At the time of writing, Macquarie Group Ltd (MQG.AX) has a 14-day Commodity Channel Index (CCI) of 12.58. 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. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

Technical analysts may be interested in how Macquarie Group Ltd (MQG.AX) is trading in relation to some moving averages. Presently, the 200-day MA is resting at 89.00, and the 50-day is 91.73. 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 useful for identifying peaks and troughs. They may also be used to help the trader calculate reliable support and resistance levels for the stock.

When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. The current 14-day ATR for Macquarie Group Ltd (MQG.AX) is currently sitting at 1.14. 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.

The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Macquarie Group Ltd (MQG.AX) is 32.50. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

Traders watching the charts on Macquarie Group Ltd (MQG.AX) may be interested in viewing the RSI. In terms of Relative Strength Index, the 14-day RSI is currently sitting at 64.42, the 7-day is 56.41, and the 3-day is spotted at 41.91. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. 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. Traders may use these levels to help identify stock price reversals.

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