Chartists Are Peeling Back The Layers on China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK)


Date: Nov 17, 2017
The Average True Range of ATR For Shares of China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) have trended downward over the past 10 bars, indicating bearish momentum for the equity near-term.  At a recent glance the stock touched 0.295 in a recent trade.

China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) currently has a 14-day Commodity Channel Index (CCI) of -122.01. Dedicated 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.

We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) is 12.42. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK)’s Williams Percent Range or 14 day Williams %R currently sits at -71.43. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

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