Tracking shares of First Resources Limited (EB5.SI), we have seen that the stock price has fallen -2.91% over the last month. Focusing on the past week, shares have moved -1.76%. Zooming out to the last 6 months, shares have seen a change of -0.60%. Heading back a full year, shares have moved -4.57%.
Some investors may be lamenting the fact that they have not taken full advantage of the long bull run. There are plenty of pundits that are calling for a sharp stock market decline, but there are also many who believe that the ceiling has been raised and there is much more room for stocks to go higher. Getting into the market at these levels may be holding some investors back from jumping into the fray, and nobody can be sure which way the momentum will swing as we near the end of the year. The next round of company earnings reports should provide some good information about future prospects. Investors will be closely watching to see which sectors are running at full speed and which ones are lagging.
Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. Currently, First Resources Limited (EB5.SI) has a 14-day ATR of 0.03. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.
First Resources Limited (EB5.SI) presently has a 14-day Commodity Channel Index (CCI) of -152.87. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.
Tracking other technical indicators, the 14-day RSI is presently standing at 43.80, the 7-day sits at 35.66, and the 3-day is resting at 25.43 for First Resources Limited (EB5.SI). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.
Keeping an eye on Moving Averages, the 50-day is 1.69, the 200-day is at 1.62, and the 7-day is 1.69 for First Resources Limited (EB5.SI). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.
Even though the stock market has been cranking along and touching record highs, there are bound to be some rough patches in the near future. Some investors may actually welcome a pullback in order to scoop up some stocks at a relative discount. Investors who are on top of things are most likely ready to spring when the next big buying opportunity pops up. Being prepared for a buying opportunity can make the process much easier when the time comes. As investors look ahead to the next round of company earnings reports, the focus may gravitate to those companies that have positioned themselves for sustained future growth. Many investors will be closely monitoring which companies outperform by the largest margin after earnings results are released.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, First Resources Limited (EB5.SI)’s Williams Percent Range or 14 day Williams %R is resting at -83.33. 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.
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