Shares of Amundi ETF MSCI Europe Industrials UCITS ETF (AIND.L) have seen the needle move -0.52% or -139.50 in the most recent session. The LSE listed company saw a recent bid of $26815.00 on 372 volume.
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Taking a deeper look into the technical levels of Amundi ETF MSCI Europe Industrials UCITS ETF (AIND.L), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -0.21. 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.
Amundi ETF MSCI Europe Industrials UCITS ETF (AIND.L) currently has a 14-day Commodity Channel Index (CCI) of 112.87. 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, Amundi ETF MSCI Europe Industrials UCITS ETF’s 14-day RSI is currently at 87.53, the 7-day stands at 98.13, and the 3-day is sitting at 99.99.
Currently, the 14-day ADX for Amundi ETF MSCI Europe Industrials UCITS ETF (AIND.L) is sitting at 49.76. 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.
In technical analysis prices of securities tend to move in observable trends with a tendency to stay in the trend. The trend is considered to be intact until the trend line is broken. After a trend has been established, the future price movement is more likely to be in the same direction as the trend than to be against it. This is where the old adage “the trend is your friend” comes from, meaning you should trade in the same direction as the trend.
