PowerShares S&P 500 High Beta ETF (SPHB) Declines 2.79% for April 8

  • PowerShares S&P 500 High Beta ETF (SPHB) Declines 2.79% for April 8

PowerShares S&P 500 High Beta ETF (SPHB) Declines 2.79% for April 8

Moving averages can be very useful for identifying peaks and troughs. The 14-day RSI is now sitting at 40.77, the 7-day is at 39.61, and the 3-day is spotted at 35.01 for Ultrapro S&P 500 Proshares (UPRO). Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. They may also be used to assist the trader figure out proper support and resistance levels for the stock. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Presently, S&P 500 Cons Staples EW Guggenheim (RHS)'s Williams Percent Range or 14 day Williams %R is resting at -39.32.

Similar to RSI, the RMI indicator moves in the range of 0 to 100; and the same as with RSI, the relative Momentum Index's values above 70 and below 30 are considered as an indication of overbought and oversold conditions. A reading between 0 and -20 would point to an overbought situation. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Typically, the CCI oscillates above and below a zero line. Presently, the 14-day ADX for S&P 500 Cons Staples EW Guggenheim (RHS) is 27.98. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone measures trend strength but not direction. Chart analysts may also use the indicator to project possible price reversals and to define trends. CCI generally measures the current price relative to the average price level over a specific time period. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Normal oscillations tend to stay in the range of -100 to +100. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. If the indicator travels under -80, this may signal that the stock is oversold. After a recent check, the 14-day RSI is now at 54.99, the 7-day stands at 66.22, and the 3-day is sitting at 78.29.