Shares of Accel Frontline Ltd. (AFL.NS) is moving on volatility today 3.28% or 1.80 rom the open. The NSE listed company saw a recent bid of 56.75 on 2684 volume.
Keeping watch on technicals may involve many different plans and scenarios. Investors may be seeking to get some clarity about a certain stock’s history, and eventually try to project the future. With so much historical data available, investors may choose to look at many different time frames when examining a stock. Going back days, months, of even years, may help broaden the scope and help investors see the bigger picture. When companies gear up to release the next round of quarterly earnings results, investors will be closely watching to see how profitable the overall quarter was. Occasionally, low expectations may provide ample impetus for future stock gains. Per usual, there will most likely be big winners and losers depending on the strength of the individual reports.
Taking a deeper look into the technical levels of Accel Frontline Ltd. (AFL.NS), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -44.30. 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.
Accel Frontline Ltd. (AFL.NS) currently has a 14-day Commodity Channel Index (CCI) of -117.21. 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, Accel Frontline Ltd.’s 14-day RSI is currently at 40.75, the 7-day stands at 43.19, and the 3-day is sitting at 48.16.
Currently, the 14-day ADX for Accel Frontline Ltd. (AFL.NS) is sitting at 20.76. 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.