The Awesome Oscillator is showing a definitive uptrend in momentum for Reliq Health Technologies Inc. (TSXV:$RHT:CA) for the last 5 days. The Awesome Oscillator shows the difference between the 5 SMA and 34 SMA. The market momentum is determined by subtracting the 5 SMA from the 34 SMA. When the indicator crosses below or above 0, it indicates ‘Buy’ signals. Upward motion turns the oscillator green, whereas downward motion turns the oscillator red.
The Relative Strength Index – or RSI – is an indicator developed by J. Welles Wilder that ranges from 0 to 100. Anything under 30 indicates an oversold stock, whereas anything above 70 indicates an overbought stock. The RSI can help indicate whether a stock is trending towards bearish or bullish, and whether a stock is about to experience a reversal or not. The 3, 7, and 14 day RSIs are at 97.59, 87.63, and 78.75, respectively.
The Commodity Channel Index is a common indicator that can help spot price reversals, price extremes, and trend strength. The scale moves in both directions with +100 indicating an overbought stock and -100 indicating an oversold stock. Reliq currently sits at 109.71. Many investors use this indicator in conjunction with others to help evaluate a stock.
The Average Directional Index, on the other hand, helps investors to determine the directional movement of a trend. A rating below 20 would indicate no trend, 20-25 would indicate no clear trend, and 25+ would indicate a strong trend. It is often used in conjunction with the Plus Directional Indicator and the Minus Directional Indicator. Reliq’s current ADX is 33.80 over the last 14 days.
Another useful tool is moving averages. Moving averages measure a stock’s performance over a given period of time and determine an average. This allows investors to identify peaks and troughs over longer periods. For Reliq, the 7-day moving average is at $0.20, the 50 day is at $0.13, and the 200 day is at $0.11. A stock trading above a moving average on an upward sloping trend may indicate an uptrend, whereas a stock dipping below on a downward slope may indicate a downtrend.
Finally, we can take a look at the Williams Percent Range. This indicator measures momentum and whether a stock is oversold or overbought. It is determined by taking the highs and lows over a certain period of time and measuring them against the closing stock price. Reliq’s current Williams Percent Range sits at -5.32. A reading of 0 to -20 would indicate an overbought stock, whereas a range of -80 to -100 would indicate an oversold stock.
Featured Image: Depositphotos/© donfiore1
