During the most recent trading session, shares of Reliq Health Technologies (TSXV:$RHT) hit $0.41. At the last close, the stock was above the Parabolic SAR line.
Parabolic SAR stands for Parabolic Stop and Reverse. It is a trend indicator that helps identify the turning points in price action. The line uses a series of small ‘dots’ placed either above or below the price. When the dots are below the price action, the price is trending upside, whereas when the dots are above the price action, the price is tending to the downside.
Movements above the Parabolic SAR can indicate a buy signal for investors. Similarly, when the price drops below the Parabolic SAR, it can be a sell signal.
Diving into some other factors, we can take a look at the stock’s Relative Strength Index. Developed by J. Welles Wilder, the RSI is an oscillating momentum indicator. The scale runs from 0 to 100, where any number above 70 is considered ‘overbought’ and any number below 30 is considered ‘oversold’. This can help to identify whether bulls or bears are leading the pack. Currently, Reliq has a 14 day RSI of 84.48, indicating an overbought condition.
We can also take a look at the Williams Percentage Range. The Williams %R is a momentum indicator that can also indicate levels of overbought and oversold conditions. The indicator compares the closing price of a stock against the highs and lows of a given time period (commonly 14 days). The scale runs from 0 to -100, with anything between 0 and -20 indicating an overbought situation, and anything between -80 and -100 indicating an oversold situation. The company currently has a Williams %R of -10.81.
Another good indicator is the Commodity Channel Index. Originally developed to be used in the commodities market, the CCI is useful for spotting price reversals, price extremes, and strength of trends. It is often used in conjunction with the Plus Directional Index and the Minus Directional Index. The rating tends to stay between -100 and +100, with anything approaching +100 indicating overbought and anything approaching -100 indicating oversold. Reliq currently has a 14 day CCI of 177.13.
The Average Directional Index is handy for spotting the strength of a trend. 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 a strength that increases as the rating increases. Reliq currently has a 14-day ADX of 52.20.
Finally, we can take a look at moving averages. Moving averages are useful for plotting a stock’s health, identifying peaks and valleys, and eliminating daily static. Moving averages are typically the average stock price over a trailing given time period. Reliq currently has a 7 day moving average of $0.34, a 50 day moving average of $0.21, and a 200 day moving average of $0.15.
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