Active Stocks on Watch: Serica Energy Plc (SQZ.L) and Bahamas Petroleum Company Plc (BPC.L)

Needle moving action has been spotted in Serica Energy Plc (SQZ.L) as shares are moving today on volatility -1.19% or -0.33 from the open. The LSE listed company saw a recent bid of 27.423 and 389093 shares have traded hands in the session.

Investors may be trying to define which trends will prevail in the second half of the year. As the markets continue to chug along, investors may be trying to maximize gains and become better positioned for success. Technical analysts may be studying different historical price and volume data in order to help uncover where the momentum is headed. Coming up with a solid strategy may take some time, but it might be well worth it in the long run. As we move deeper into the year, investors will be closely tracking the next few earnings periods. They may be trying to project which companies will post positive surprises.

Currently, the 14-day ADX for Serica Energy Plc (SQZ.L) is sitting at 14.94. 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. 

Serica Energy Plc (SQZ.L) currently has a 14-day Commodity Channel Index (CCI) of 73.56. 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. 

After a recent check, Serica Energy Plc’s  14-day RSI is currently at 57.79, the 7-day stands at 58.99, and the 3-day is sitting at 62.76.

Taking a deeper look into the technical levels of Serica Energy Plc (SQZ.L), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -20.00. 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.

Shares of Bahamas Petroleum Company Plc (BPC.L) are moving on volatility today -3.23% or $-0.025 from the open. The LSE listed company saw a recent bid of $0.75 and 388112 shares have traded hands in the session.

Value investors may be scanning the shelves for bargain stocks. They may be looking to spot those shares that haven’t been doing a whole lot and are being generally overlooked by the investing world. Value investors may be searching for stocks with lower price to earnings ratios that possess higher dividend yields. Investors looking for growth stocks may be willing to shell out a little more for a stock that has the possibility of increasing EPS at a quicker pace. Some investors may favor one category of stocks over another, but they may need to find a combination at some point. As markets tend to move in cycles, it may be necessary to align the portfolio to the category that is best positioned to make consistent gains in the future.

Deep diving into the technical levels for Bahamas Petroleum Company Plc (BPC.L), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of -220.99. 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, the 14-day RSIfor Bahamas Petroleum Company Plc (BPC.L) is currently at 18.91, the 7-day stands at 7.39, and the 3-day is sitting at 0.38.

Bahamas Petroleum Company Plc’s Williams Percent Range or 14 day Williams %R currently sits at -100.00. 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 Bahamas Petroleum Company Plc (BPC.L) is sitting at 30.73. 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.

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