S&P North American Natural SPDR (NANR): Watching the Technicals

S&P North American Natural SPDR (NANR): Watching the Technicals

There is no easy answer when attempting to address the tough question of how to best approach the equity market, especially when facing a turbulent investing climate. Investors may have a hard time separating fact from fiction when it comes to bullish and bearish sentiment. As we head into the second half of the year, it remains to be seen which way the market will lean.

Investors are often dealing with the decision of whether to sell a stock that has been a solid performer or hold on to it for more profit. Active investors may choose to use this technical indicator as a stock evaluation tool.

DJ REIT ETF SPDR (RWR) presently has a 14-day Commodity Channel Index (CCI) of 139.07. Lastly, when the price is above the cloud, then the top of the cloud will act as a general support level, and when price is below, the cloud base will act as resistance. SPDR S&P Insurance ETF has a 52 week low of $77.30 and a 52 week high of $93.31. One of the most popular time frames using RSI is the 14-day. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). ADX is used to gauge trend strength but not trend direction. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. A reading between 0 to -20 would represent a strong overbought condition. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The 14-day RSI for DJ REIT ETF SPDR (RWR) is now at 65.72, the 7-day stands at 79.06, and the 3-day is sitting at 94.97.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. As a momentum oscillator, the RSI operates in a set range. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold.

Let's take a further look at the Average Directional Index or ADX.

After a recent look, S&P 500 Materials Sector SPDR (XLB) has a 50-day Moving Average of 57.48, the 200-day Moving Average is 54.32, and the 7-day is noted at 58.56. The institutional investor owned 39,323 shares of the exchange traded fund's stock after buying an additional 3,079 shares during the quarter. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well.

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