Australian Vanadium Ltd (AVLO.AX): Tracking the Technicals

Date: Dec 8, 2017
The twenty one day Wilder Moving Average has been seen above the fifty day Simple Moving Average on shares of Australian Vanadium Ltd (AVLO.AX). Traders following these lines may be tracking the stock and checking for a strong near-term trend.

Let’s view some technical levels on shares of Australian Vanadium Ltd (AVLO.AX). Presently, the 14 day Williams %R is -33.33. Readings may range from 0 to -100. A Williams %R that lands between -80 to -100 is typically seen as being in strong oversold territory. A reading between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% has the ability to be used with other technicals to help define a specific trend.

When looking at technical levels, traders should not overlook the RSI reading as it often can dictate if momentum has pushed past a key metric. 56.42, the 7-day stands at 60.20, and the 3-day is sitting at 80.02. The Relative Strength Index (RSI) oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70.

Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. Shares of Australian Vanadium Ltd (AVLO.AX) have a 7-day moving average of 0.01.

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