Trading Scope: PSAR Above Price for Australian Vanadium Ltd (AVLO.AX): Shares Seen Trading Near $0.035
Date: Sep 3, 2018
Taking a look at technical levels for Australian Vanadium Ltd (AVLO.AX), we have spotted the PSAR above recent share price levels. The Parabolic SAR is a technical indicator introduced Welles Wilder. Traders may follow this signal to figure out the direction of a stock’s momentum and determine when there is a higher than normal probability of direction reversal.
Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.
Australian Vanadium Ltd (AVLO.AX) has a 14-day Commodity Channel Index (CCI) of -86.15. The CCI technical indicator can be used to help figure out if a stock is overbought or oversold. CCI may also be used to assist with the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.
Traders may also be paying close attention to RSI levels on shares of Australian Vanadium Ltd (AVLO.AX). The current 14-day RSI is presently sitting at 49.42, the 7-day is 43.74, and the 3-day is 35.50. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.
