Technical Watch: Focusing on Shares of UBA (UBA.AX)

Tracking shares of UBA (UBA.AX), we have noted that Span A is presently above Span B. Traders following this signal will be looking for signs of a bullish stock price shift.

Active traders have a wide variety of technical indicators at their disposal for completing technical stock analysis. Presently, the 14-day ATR for UBA (UBA.AX) is spotted at 0.14. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another.

Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 69.76, the 7-day is 82.03, and the 3-day is currently at 96.84 for UBA (UBA.AX). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, UBA (UBA.AX)’s Williams Percent Range or 14 day Williams %R is resting at -0.78. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Taking a peek at some Moving Averages, the 200-day is at 19.16, the 50-day is 19.56, and the 7-day is sitting at 20.29. 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 are keeping a keen eye on shares of UBA (UBA.AX). The Average Directional Index or ADX may prove to be an important tool for trading and investing. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Presently, the 14-day ADX is resting at 17.08. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

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