As of this morning, shares of Trilogy Metals Inc (NYSE:$TMQ) entered the active mover list. The company is moving on volatility at 1.01% or 0.010 from the open.
Some investors are wondering whether it’s the right time to enter the equity market. Taking a deep look into the technical levels of Trilogy Metals Inc, we see that the Williams Percent Range sits at a -73.33. A reading between 0 and -20 would entail an overbought situation, whereas a reading from -80 to -100 would entail an oversold situation.
Trilogy also currently sees a 14-day Commodity Channel Index of -37.00. A reading above +100 would entail strong price action, which may also signal an uptrend. On the other hand, a reading below -100 may entail a downtrend from weak price action.
The 14-day ADX for Trilogy is sitting at 15.41. A value from 0-25 would indicate an absent or weak trend, whereas a value of 25-50 would support a strong trend.
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