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Chaikin Oscillator Dribbles Below The Line For Fallen Angel HY Bond ETF Vaneck (ANGL)

Asian stock markets were mixed and muted Wednesday, opening higher as oil issues drove higher on strong crude prices, and as property stocks built on profit expectations. But markets turned cautious in afternoon trading in front of the pending US Federal Reserve Board rate announcement. Hong Kong and Shanghai finished in the red, Tokyo was closed on holiday, and other regional exchanges were uneven. 

The Hong Kong Hang Seng Index fell 135.41, or 0.43%, to 31,414.52, as losing issues outnumbered gainers 25 to 23. 

Leading the upside were China Resources Land (1109:HK), up 5.3%, followed by China Overseas Land (688:HK), up 4.3%, and then PetroChina (857:HK), up 2.4%. 

Watching the signals for Fallen Angel HY Bond ETF Vaneck (ANGL), we have noted that the Chaikin Oscillator is below zero. Traders may be watching for possible bearish momentum on the stock.

Even with the stock market still riding high, investors may be looking for some bargain stocks to add to the portfolio. Although nobody can say for certain if stocks will continue to climb the ladder, investors may be preparing for the temporary dips in order to get into some positions at more reasonable prices. Always being prepared can help make the tough decisions a bit easier to stomach when the time comes. Coming at the stock market from multiple angles may help investors spot some future winners. 

The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Fallen Angel HY Bond ETF Vaneck (ANGL) is 25.69. 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.

When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. The current 14-day ATR for Fallen Angel HY Bond ETF Vaneck (ANGL) is currently sitting at 0.18. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

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When performing stock analysis, investors and traders may opt to view technical levels. Fallen Angel HY Bond ETF Vaneck (ANGL) presently has a 14-day Commodity Channel Index (CCI) of -100.20. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Shares of Fallen Angel HY Bond ETF Vaneck (ANGL) have a 200-day moving average of 28.40. The 50-day is 29.06, and the 7-day is sitting at 29.05. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels.

Checking in on some other technical levels, the 14-day RSI is currently at 40.35, the 7-day stands at 34.44, and the 3-day is sitting at 39.68. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI has remained very popular with traders and investors. Other technical analysts have built upon the work of Wilder. The 14-day RSI is still a widely popular choice among technical stock analysts.

Individual investors may tend to become more bullish at market tops and more bearish at the bottoms. This goes against the buy low sell high mantra that is widely preached in the investing community. The two emotions that come into play here are greed and fear. Investors tend to get greedy when they see stocks flying to new highs. It can be very tempting to get in on a name that has been running hot for a time. On the other side of the coin, investors often get fearful when the market is tanking. The fear of losing becomes prevalent when this occurs, and investors may be tempted to sell like the rest. Although this goes against logic, many investors will still end up buying high and selling low.

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