SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) shares are moving today on volatility 0.45% or $0.263 from the open. The NYSE listed company saw a recent bid of $58.883 and 378 shares have traded hands in the session.
Deep diving into the technical levels for SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of 134.74. 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.
SPDR MSCI Emerging Markets StrategicFactors ETF’s Williams Percent Range or 14 day Williams %R currently sits at -2.04. 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.
Currently, the 14-day ADX for SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is sitting at 27.04. 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.
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, the 14-day RSIfor SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is currently at 65.57, the 7-day stands at 69.75, and the 3-day is sitting at 79.57.
Needle moving action has been spotted in Shake Shack Inc (SHAK) as shares are moving today on volatility 0.69% or 0.26 from the open. The NYSE listed company saw a recent bid of 37.99 and 37763 shares have traded hands in the session.
After a recent check, Shake Shack Inc’s 14-day RSI is currently at 61.79, the 7-day stands at 63.02, and the 3-day is sitting at 73.42.
Taking a deeper look into the technical levels of Shake Shack Inc (SHAK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -13.24. 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.
Shake Shack Inc (SHAK) currently has a 14-day Commodity Channel Index (CCI) of 76.26. 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.
Currently, the 14-day ADX for Shake Shack Inc (SHAK) is sitting at 12.35. 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.
Market corrections can happen at any time. Often times, these corrections can bring along ominous forecasts from the investing community. With the market still chugging along, it is important to remember that market corrections can be quite normal in bull market runs. Investors may take these opportunities to scoop up some favorites at cheaper prices. As we get closer to the next round of company earnings releases, all eyes will be watching to see how companies have performed over the past quarter. Investors may want to take a look at sell-side analyst revisions in the weeks and days leading up to the report. Investors and analysts will both be intently watching to see if the company can hit and exceed expectations.
