At present levels, traders are keeping a close eye on shares of Ubisoft Ent. ADR (UBSFY). During a recent scan, we have spotted Span A above Span B. If this position holds, traders might be anticipating a bullish move higher.
The Williams Percent Range or Williams %R is another technical indicator worth checking out. Ubisoft Ent. ADR (UBSFY) currently has a 14 day Williams %R of -51.95. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.
Taking a peek at some Moving Averages, the 200-day is at 11.23, the 50-day is 14.75, and the 7-day is sitting at 15.75. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.
Traders may be leaning on technical stock analysis to help with investing decisions. Ubisoft Ent. ADR (UBSFY) currently has a 14-day Commodity Channel Index (CCI) of 34.54. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. The current 14-day ATR for Ubisoft Ent. ADR (UBSFY) is currently sitting at 0.36. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.
Checking in on some other technical levels, the 14-day RSI is currently at 57.37, the 7-day stands at 54.52, and the 3-day is sitting at 47.43. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI has remained very popular with traders and investors. Other technical analysts have built upon the work of Wilder. The 14-day RSI is still a widely popular choice among technical stock analysts.