Shares of Redstoneconnect Plc (REDS.L) is moving on volatility today -2.17% or -2.25 from the open. The LSE listed company saw a recent bid of 101.25 on 37200 volume.
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Taking a deeper look into the technical levels of Redstoneconnect Plc (REDS.L), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -28.29. 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.
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, Redstoneconnect Plc’s 14-day RSI is currently at 56.00, the 7-day stands at 64.09, and the 3-day is sitting at 63.52.
Redstoneconnect Plc (REDS.L) currently has a 14-day Commodity Channel Index (CCI) of 134.37. 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.
For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 104.06, the 50-day is 99.34, and the 7-day is resting at 98.95. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.
Currently, the 14-day ADX for Redstoneconnect Plc (REDS.L) is sitting at 24.57. 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.
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