Direxion Daily Technology Bull 3X ETF (TECL) Rises 0.79% for Jan 11

The PSAR, Developed by Welles Wilder, is created to determine the point in time when there emerges a better than average probability of a trend switching directions. As we slip further into the second half of the year, investors may be assessing the latest earnings reports and trying to calculate the future prospects of certain stocks. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. Chart analysts may also use the indicator to project possible price reversals and to define trends. Presently, the 200-day moving average is at 11.58, and the 50-day is 11.63.

Checking in on some other technical levels, the 14-day RSI is now at 64.81, the 7-day stands at 71.16, and the 3-day is sitting at 74.97. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). The RSI may be useful for spotting abnormal price activity and volatility.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The 14-day RSI is still a widely popular choice among technical stock analysts. Levels above -20 may indicate the stock may be considered is overbought. The legal version of this article can be read at https://www.thelincolnianonline.com/2018/01/10/simplex-trading-llc-sells-3931-shares-of-direxion-large-cap-bull-3x-shares-spxl.html. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Moving averages can be used to help filter out the day to day noise created by other factors. If price is trending higher and MFI is decreasing over that period, a market top may occur. These days, there is no shortage of information for investors to get their hands on.

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