Date: Jul 19, 2018
Shares of Vanadium One Energy Corp (VONE.V) are moving on volatility today 0.00% or 0.00 from the open. The TSXV listed company saw a recent bid of 0.09 and 88000 shares have traded hands in the session.
Investors may be searching high and low for the next breakout winner in the stock market. As companies continue to release quarterly earnings reports, investors will be looking for stocks that have the potential to move to the upside in the coming months. Tracking earnings can be a good way for investors to see how the company is stacking up to analyst estimates. Some investors prefer to track sell-side estimates very closely. Others prefer to do their own research and make their own best guesses on what the actual numbers will be. A solid earnings beat may help ease investor worries if the stock has been underperforming recently. On the flip side, a bad earnings miss may cause investors to take a much closer look at what the future prospects look like for the company.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Vanadium One Energy Corp (VONE.V) is currently at 59.86, the 7-day stands at 57.38, and the 3-day is sitting at 59.27.
Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Vanadium One Energy Corp (VONE.V) is sitting at 7.07. CCI is an indicator used in technical analysis that was designed by Donald Lambert. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold).
Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. Shares of Vanadium One Energy Corp (VONE.V) have a 7-day moving average of 0.09. Taking a glance at the relative strength indictor, we note that the 14-day RSI is currently at 59.86, the 7-day stands at 57.38, and the 3-day is sitting at 59.27.
