European government bond yields moved higher at midday Wednesday, led by a surge in Gilt yields after stronger-than-expected labor market data. The 10-year Gilt was recently up 5.1 basis points at 1.535%, while the 2-year rose 6.2 bp to 0.932% ahead of Thursday’s Bank of England meeting. 

The 10-year Bund yield rose 1.8 bp, with Bunds outperforming as Eurozone spreads widened. In contrast to the UK, the German yield curve steepened as the long end underperformed. 

Eurozone stock markets were narrowly mixed ahead of the Federal Reserve policy announcement later Wednesday. Markets remain on edge that the Fed could accelerate its current rate-hike path. The UK FTSE 100 underperformed other European stock markets, reflecting the action in Gilts. 

Reviewing the technicals on shares of Alcidion Group Limited (ALC.AX), we have recently spotted the Chaikin Oscillator below zero. Traders may be following the stock over the next few sessions to watch for any potential signs of bearish momentum.

When dealing with the stock market, investors have to be constantly on their toes. Investors who have had success in the past using a certain method for stock picking may eventually realize that the method no longer produces the same results as it once did. Expecting that the market environment will change and being able to react to those changes can greatly help the investor when the time comes. While investor confidence can be a positive thing, complacency can lead to future frustration and poor portfolio performance. Seasoned investors know that no bull market will last forever just as no bear market will last forever. Being prepared for any situation can greatly help the investor navigate the market when changes do occur.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Alcidion Group Limited (ALC.AX)’s Williams Percent Range or 14 day Williams %R is resting at -87.50. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 0.05.

We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for Alcidion Group Limited (ALC.AX) is 29.87. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Taking a glance at the relative strength indictor, we note that the 14-day RSI is currently at 34.74, the 7-day stands at 29.43, and the 3-day is sitting at 24.67. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.

At the time of writing, Alcidion Group Limited (ALC.AX) has a 14-day Commodity Channel Index (CCI) of -110.50. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

There are many different strategies that investors use when entering the stock market. Beating the market is no easy task, and many veteran investors would echo that sentiment. When following the day to day happenings in the stock market, it can be easy to get distracted. There is a lot of emphasis on what is happening in the moment, and it can be tempting for investors to get caught up in the chaos. Everyday market fluctuations can sometimes cause investors to second guess their stock selections. Investors who are able to filter out the noise and focus on the most pertinent information may find themselves in an elevated position in relation to the rest of the investing field. 

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