Corero Network Security PLC: Looking at Technical Indicators

Corero Network Security

Corero Network Security PLC’s (OTCMKTS:CRREF) Percentage Price Oscillator Histogram trend indicator is currently under zeros. This may be an indication that the stock is getting ready to become a ‘Sell’.

Corero currently has a 7-day moving average of $8.25, a 50 day moving average of $9.80, and a 200 day moving average of $8.16. Moving averages are good indicators for measuring price fluctuations on a larger scale. They can be used to identify peaks and troughs. In particular, the longer time span moving averages are useful for filtering out the noise of daily ups and downs.

Over the past 14 days, Corero has held a Commodity Channel Index — or CCI — of -55.99. This indicator determines if a stock is oversold or overbought, with a score of +100 indicating a potential overbought signal, and -100 may indicate a stock that is oversold.

We can also take a look at the Average True Range. The ATR is an investor tool used to measure a stock’s volatility. Although the indicator of volatility, this tool does not detail price direction. Generally speaking, a high ATR indicates more volatility. Over the past 14 days, Corero has earned a volatility of 0.96.

The Williams Percentage Range is used to indicate if a stock is oversold or overbought, with anything above -20 indicating overbought and anything under -80 indicating oversold. Over the last 14 days, Corero sits at a Williams Price Range of 0.00.

Finally, we can take a look at the Average Directional Index. This tool indicates whether a stock is trending or not, with 0-20 representing no trend, 20-25 indicating a possible trend, and 25+ indicating a strong trend. It is often used in conjunction with the Plus Directional Index and the Minus Directional Index to measure the trend direction. Corero holds an ADX of 40.56 for the past 14 days.

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