Investors have placed Affinity Beverage Group Inc. (OTC:$ABVG) on close watch as the Aroon Down indicator has moved above 70, reflecting that there is now a downward momentum building for the shares.
Affinity Beverage Group Inc. sees a current 14-day Commodity Channel Index (CCI) of 58.33. The CCI technical indicator is used to determine if a stock is overbought or oversold. A unit closer to +100 indicates overbought signals, while a CCI near -100 indicates an oversold signal.
Looking at other technical indicators, the 14-day RSI is presented standing at 52.59, the 7-day sits at 53.30, and the 3-day is sitting at 59.86. The Relative Strength Index (RSI) is a highly popular technical indicator used to reveal the direction of a stock’s price movement. Further, moving averages have the ability to be used as a powerful indicator for technical stock analysis. Using multiple time frames, investors can determine where the stock has been and where it may be going.
Additionally, the 13-day ADX for Affinity Beverage Group is currently at 24.30. An ADX value from 0-25 represents an absent or weak trend, while a value of 25-50 represents a strong trend.
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