Created by Thomas Aspray in 1986, the MACD Histogram is a visual indicator of the difference between the MACD line and the Signal line, which is a default 9 period ema of the MACD line. This means that the MACD-Histogram is four steps removed from the price of the underlying security.
Taking a deeper look into the technical levels of Ping An Insurance (Group) Co. of China Ltd (2318.HK), we can see that the Williams Percent Range or 14 day Williams %R now sits at -9.57. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. But like all derivatives of price, it's much smoother than price itself. Because there are so many different strategies that traders can use, it may be hard to pinpoint the correct avenue. Combing different elements of each strategy makes the indicator more useful, such as taking buy signals following a bullish divergence. Active investors may choose to use this technical indicator as a stock evaluation tool.
Rhinomed Limited (RNO.AX) now has a 14-day Commodity Channel Index (CCI) of -165.09. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.
We can also do some further technical analysis on the stock.
Currently, the 14-day ADX for Ping An Insurance (Group) Co. of China Ltd (2318.HK) is sitting at 24.58. 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 Average Directional Index or ADX is often considered to be an important tool for technical trading or investing.
Interested investors may be watching the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Sandridge Mississippian Trust I (SDT)'s Williams Percent Range or 14 day Williams %R now sits at -28.57. Typically, if the value heads above -20, the stock may be considered to be overbought. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The current 14-day RSI is presently sitting at 69.97, the 7-day is 73.60, and the 3-day is 87.63. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The MESA Adaptive Moving Average, which was developed by John Ehlers, 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". This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. The RSI operates in a range-bound area with values between 0 and 100.
Traders may also be paying close attention to RSI levels on shares of Ujjivan Financial Services Ltd (UJJIVAN.BO). On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The ADX was introduced by J. Welles Wilder in the late 1970's and it has stood the test of time.
For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is now at 49.03, the 50-day is 60.53, and the 7-day is resting at 61.04. Moving averages can be used to help filter out the day to day noise created by other factors. MA's may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a change in momentum for a particular stock. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going.