Following the Ultimate Oscillator reading for HSBC Dragon Fund (0820.HK), we have recorded that the Ultimate Oscillator is presently below the 40 mark. Traders may be tracking the UO reading to figure out if the stock has entered oversold area.
At the time of writing, HSBC Dragon Fund (0820.HK) has a 14-day Commodity Channel Index (CCI) of -80.68. 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.
Shares of HSBC Dragon Fund (0820.HK) currently have a 14-day ADX of 22.30. The ADX was developed by J. Welles Wilder to help determine trend strength. Generally speaking, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.
Narrowing in on moving averages for HSBC Dragon Fund (0820.HK), the 200-day is at 10.09, the 50-day is 11.19, and the 7-day is resting at 10.87. Moving average indicators are popular tools for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term.
Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. HSBC Dragon Fund (0820.HK)’s Williams Percent Range or 14 day Williams %R currently sits at -76.09. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.
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. The 14-day RSI is presently standing at 35.79, the 7-day is 33.76, and the 3-day is resting at 46.13.