AstraZeneca PLC (AZN.L) shares are moving today on volatility 0.70% or 36.00 from the open. The LSE listed company saw a recent bid of 5159.00 and 556601 shares have traded hands in the session.
As earnings season kicks into high gear, active traders may be wondering which companies will beat and which ones will miss when the reports are released. Trading around earnings reports may not be for everyone. Gauging which way a stock price will bolt after earnings can be a difficult task. Sometimes companies may post great numbers with a solid beat, and the stock will drop. Other times a stock will miss on the earnings front, but the price will jump. Traders who are willing to take on the risk may be able to withstand the high volatility that comes with trading shares around earnings news. Investors may wait until after the earnings releases are available to see what kind of surprise is posted. Companies that post large surprise factors either positive or negative might be worth taking a look at for future buying or selling opportunities. Combing through the numbers after the report may allow investors to add another piece of data to the investing equation in order to make a more sound decision on what stocks to trade as we move into the second part of the calendar year.
Digging deeping into the AstraZeneca PLC (AZN.L) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -19.39. 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.
AstraZeneca PLC (AZN.L) currently has a 14-day Commodity Channel Index (CCI) of 74.39. 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.
Currently, the 14-day ADX for AstraZeneca PLC (AZN.L) is sitting at 17.89. 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 RSI for AstraZeneca PLC is currently at 50.53, the 7-day stands at 57.04, and the 3-day is sitting at 81.69.
