Date: Oct 29, 2018
Shares of Australian Vanadium Ltd (AVLO.AX) have been trending lower over the past five bars, revealing bearish momentum for the shares, as they ran -9.52% for the week. Looking further out we note that the shares have moved -36.67% over the past 4-weeks, -32.14% over the past half year and 375.00% over the past full year.
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We can also take a look at the Average Directional Index or ADX of Australian Vanadium Ltd (AVLO.AX). The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 25.23. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. At the time of writing, Australian Vanadium Ltd (AVLO.AX) has a 14-day Commodity Channel Index (CCI) of -89.36. 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.
Australian Vanadium Ltd (AVLO.AX) currently has a 14 day Williams %R of -75.00. In general, if the level goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may signal that the stock is oversold. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the period being observed.
