Shares of mCig, Inc. (OTC:$MCIG) moved during recent sessions. The company saw the needle move 1.49% or 0.0025. They also saw a recent bid of $0.17 on a daily volume of 316.018 shares.
Bull markets are generally when investors are willing to proceed less cautiously. Risk management, however, should be at the forefront of any portfolio strategy. With so many options out there for stock picks, some investors may be carefully balancing opportunity and risk. It can sometimes be beneficial to focus in on a stock and filter out the noise of a volatile market. With that in mind, let’s take a closer look at mCig Inc.
The firm’s Average True Range currently sits at 0.01. The ATR is a handy tool that is useful for measuring how volatile a stock is. Developed by J. Welles Wilder, it is generally thought that a higher ATR indicates a higher volatility.
The Average Directional Index is an indicator that helps to determine trend strength. Often used in conjunction with the Plus Directional Index and the Minus Directional Index, the ADX runs from 0 to 100. Ratings of 0-20 indicate no trend, 20-25 indicate no clear trend, and 25+ indicate a strong trend with the strength increasing parallel to the ADX. Shares of the company currently have a 14 day ADX of 22.36.
The Relative Strength Index is a technical momentum indicator that the compares stock price movements over time. Originally created by J. Welles Wilder, the RSI runs from 0 to 100, with anything above 70 signaling an overbought situation and anything under 30 signalling an oversold situation. Any time period can be given for the RSI. The firm currently has a 3-day RSI of 63.50, a 7-day RSI of 46.48, and a 14-day RSI of 44.43.
The Commodity Channel Index is an indicator used to signal overbought and oversold situations. Originally developed by Donald Lampert for use in the commodities market, the CCI has become a popular tool among stock investors. The indicator oscillates in both directions with anything approaching +100 indicating more buying or possibly an overbought stock, while anything approaching -100 indicates more selling and a possible oversold situation. The company currently has a 14-day CCI of -64.06.
Moving averages are useful for spotting trends and price reversals. They take the average price of a stock over a given period of time. This makes them ideal for identifying peaks and valleys, signalling bearish or bullish momentum, and filtering out daily price noise. Stocks of mCig currently have a 7-day moving average of $0.17.
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