Date: Jul 16, 2018
China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) has ended the week in the red, yielding negative results for the shares at they ticked 1.32%. In taking a look at recent performance, we can see that shares have moved -22.22% over the past 4-weeks, -42.96% over the past half year and -30.94% over the past full year.
Investors may be getting ready to buy into the stock market as we cruise into the second half of the year. Filtering out the constant noise in the markets can be challenging. Sifting through all the data can be trying, especially for the novice investor. Digging down into the fundamentals may help weed out the undesirable companies. Investors will most likely be scouting out the equity market for any bargains. Although they may be harder to find these days, there still may be a hidden gem out there somewhere. As companies start to report quarterly earnings, investors will be closely following to see which ones are poised for success over the next few quarters.
Currently, The Hydroponics Company Limited (THCO.AX) has a 14-day Commodity Channel Index (CCI) of 18.73. The CCI technical indicator can be employed to help figure out if a stock is overbought or oversold. CCI may also be used to aid in the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.
Tracking other technical indicators, the 14-day RSI is presently standing at 47.43, the 7-day sits at 51.37, and the 3-day is resting at 58.28 for The Hydroponics Company Limited (THCO.AX). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.
