Date: Mar 23, 2018
Taking a deeper look into the technical levels of China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -80.00. 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.
China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) currently has a 14-day Commodity Channel Index (CCI) of -37.26. 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.
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, China Vanadium Titano-Magnetite Mining Co Ltd’s 14-day RSI is currently at 40.01, the 7-day stands at 35.44, and the 3-day is sitting at 23.69.