The firm owned 79,101 shares of the exchange traded fund's stock after buying an additional 3,749 shares during the period. iShares TIPS Bond ETF makes up approximately 1.3% of Makena Capital Management LLC's holdings, making the stock its 5th largest position. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements.
Tracking the indicators for Ishares Core CDN Long Term Bond ETF (XLB.TO), we have noted that the twenty one day Wilder Moving Average is now above the fifty day Simple Moving Average. The ADX was introduced by J. Welles Wilder in the late 1970's and it has stood the test of time. Moving averages are considered to be lagging indicators meaning that they confirm trends. A reading from -80 to -100 would signal an oversold situation.
Checking in on some other technical levels, the 14-day RSI is now at 30.87, the 7-day stands at 28.38, and the 3-day is sitting at 32.03. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. In general, if the reading goes above -20, the stock may be considered to be overbought. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". Going back a full year, shares have moved 0.13%. A reading between 0 and -20 would point to an overbought situation. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. However, the panic subsided and growth-hungry investors came searching for their favorite stocks in the wreckage. The ADX alone measures trend strength but not direction. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Chart analysts may also use the indicator to project possible price reversals and to define trends. Shares of 1-3 Year Credit Bond Ishares (CSJ) have a 7-day moving average of 104.71. Tushar Chanda developed the Aroon Indicator in 1995 to help traders determine the strength of a trend and whether pricing behavior was favoring a trend or sideways action. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. The RSI may be useful for spotting abnormal price activity and volatility. Presently, 20 Year Bond Ishares (TLT) has a 14-day Commodity Channel Index (CCI) of 149.17. They may also be used to help spot support and resistance levels. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. A value of 25-50 would support a strong trend. RSI is a momentum oscillator that moves in a range from 0 to 100.
Moving average indicators are used widely for stock analysis. The 50-day is 30.92, and the 7-day is sitting at 31.18. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. The Aroon Up trend when it reaches above 70 indicates that the uptrend is gaining momentum. The 14-day ADX presently sits at 26.89.
The Williams %R is created to provide a general sense of when the equity might have reached an extreme and be primed for a reversal.
Ishares Core CDN Universe Bond ETF (XBB.TO)'s Williams Percent Range or 14 day Williams %R now sits at 0.00.