Needle moving action has been spotted in A-Mark Precious Metals Inc (AMRK) as shares are moving today on volatility -2.53% or -0.42 from the open. The NASDAQ listed company saw a recent bid of 16.21 and 21800 shares have traded hands in the session.
Many individual investors would agree that self confidence can play a major role when investing in the stock market. Learning how to trust instinct might be the difference between a good trade and a great trade. Investors who are able to develop a high level of self confidence may be able to pull the handle on a trade that most other people wouldn’t. Of course this may work against the investor who pushes self confidence into over confidence territory. Investors may also have to master the art of being patient in the stock market. Often times there are strategies that take time to fully develop. Taking the time to make solid investing decisions can mean the difference between realized profits and portfolio busters.
Taking a deeper look into the technical levels of A-Mark Precious Metals Inc (AMRK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -51.08. 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.
A-Mark Precious Metals Inc (AMRK) currently has a 14-day Commodity Channel Index (CCI) of 44.66. 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.
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, A-Mark Precious Metals Inc’s 14-day RSI is currently at 49.38, the 7-day stands at 49.97, and the 3-day is sitting at 42.74.
Currently, the 14-day ADX for A-Mark Precious Metals Inc (AMRK) is sitting at 20.08. 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.
