At close in a recent session, 3D Signatures, Inc. (TSXV:$DXD) closed at a price of $0.28. This number is above the Parabolic SAR, indicating the stock might be seeing a potential trend reversal.
The Parabolic SAR is an indicator that takes into account trends and factors. Despite its utility, it is rarely used alone. Most traders opt to use it in conjunction with other indicators due to the PSAR’s relative weakness at detecting trend strength.
Taking a look at 3D Signature’s current stats, we can see that it has a 7 day moving average of $0.26, a 50 day moving average of $0.27, and a 200 day moving average of $0.56. Moving averages are useful tools for charting peaks and valleys in a stock’s performance over the given period of time. The longer term moving averages can also be useful for filtering out the daily noise of sudden price changes.
Another useful indicator is the 14 day Commodity Channel Index. The CCI can be used to identify oversold/overbought situations. A rating of +100 indicates a stock may be overbought, whereas a CCI of -100 would indicate a stock may be oversold. The company currently has a 14 day CCI of 207.54.
The Relative Strength Index is a popular oscillating indicator developed by J. Welles Wilder to identify magnitude and velocity of directional price movement. The RSI oscillates between 0 and 100, with anything below 30 indicating a potential oversold situation and anything above 70 indicating a potential overbought situation. 3D Signatures currently has a 3 day RSI of 65.11, a 7 day RSI of 62.05, and a 14 day RSI of 55.52.
Finally, The Average Directional Index measures the strength of trends. An ADX of 0 to 20 would indicate no trend, 20 to 25 would indicate no clear trend, and +25 indicates a strong trend with strength increasing as the ADX does. The ADX is often used in conjunction with the Plus Directional Index and the Minus Directional Index. ADX currently has a 14 day ADX of 32.01.
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