Tracking the indicators for SSGA SPDR ETFS Europe I Plc (JNKE.L), we see that the 14 day Stochastic RSI indicator is showing signs of a possible bearish divergence. Tracking this signal, traders may be watching for a developing trend to emerge.
There is no shortage of financial news and opinions as we live in the age of the 24 hour news cycle. Headlines and expert opinions seem to be around every corner when dealing with the stock market. Trying to keep up with all the swirling news can make ones head spin. Even though there may be some significant news mixed in, a lot of the headlines may not be worth paying much attention to. Figuring out what information is useful may take some time for the investor to figure out. Once the filter is in place, investors may find it much easier to focus on the important data. Making investment decisions solely based on news headlines may end up causing the portfolio to suffer down the line.
Investors have the ability to use technical indicators when completing stock research. At the time of writing, SSGA SPDR ETFS Europe I Plc (JNKE.L) has a 14-day Commodity Channel Index (CCI) of -86.14. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions.
Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 58.03 and the 50-day is 57.42.
Technical traders have a large inventory of technical indicators they may use when doing technical stock analysis. After a recent look, the 14-day ATR for SSGA SPDR ETFS Europe I Plc (JNKE.L) is resting at 0.17. First developed by J. Welles Wilder, the ATR may help traders in determining if there is heightened interest in a trend, or if extreme levels may be indicating a reversal. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another.
Currently, the 14-day ADX for SSGA SPDR ETFS Europe I Plc (JNKE.L) is sitting at 19.00. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, SSGA SPDR ETFS Europe I Plc (JNKE.L)’s Williams Percent Range or 14 day Williams %R is resting at -89.47. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.