Shares of SITI CABLE NETWORK LTD. (SITICABLE.BO) is moving on volatility today -0.20% or -0.05 from the open. The BSE listed company saw a recent bid of 25.30 on 56485 volume.

Traders often key in on technical support and resistance levels when undertaking stock analysis. These levels can play an important role on a day to day basis. Many traders and investors will carefully monitor different support and resistance levels in order to gauge stock price movement. Investors may also be tracking stock price momentum. Sometimes investors may be hesitant to jump into the market after it has consistently kept heading higher over a sustained period of time. However, there may also be ample evidence that the market may just keep going higher. Markets that make new highs may have the ability to make even higher highs, thus leading to further gains. Often times, investors may be looking at technical indicators to help define trend conditions. Generally speaking, strong momentum is typically spotted near the beginning of a trend. On the flip side, momentum tends to be weaker as the trend is ending and possibly about to reverse direction.

Deep diving into the technical levels for SITI CABLE NETWORK LTD. (SITICABLE.BO), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of 64.74. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

SITI CABLE NETWORK LTD.’s Williams Percent Range or 14 day Williams %R currently sits at -38.10. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for SITI CABLE NETWORK LTD. (SITICABLE.BO) is sitting at 43.63. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor SITI CABLE NETWORK LTD. (SITICABLE.BO) is currently at 37.10, the 7-day stands at 44.75, and the 3-day is sitting at 62.52.

Active investors are typically interested in the factors that drive stock price movements. Buying an individual stock means that you own a piece of the company. The hope is that the company does very well and becomes highly profitable. A profitable company may decide to do various things with the profits. They may reinvest profits back into the business, or they may choose to pay shareholders dividends from those earnings. Sometimes stocks may eventually become undervalued or overvalued. Spotting these trends may lead to further examination or the underlying fundamentals of the company. A company that continues to disappoint on the earnings front may have some issues that need to be addressed. It is highly important to make sure all the research is done on a stock, especially if the investor is heavily weighted on the name. Sometimes earnings reports may be good, but the stock price does not reflect that. Having a good understanding of the entire picture may help investors better travel the winding stock market road.

Leave A Reply

Your email address will not be published.