Can China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) Thread the Needle? Technical Update
| Date: Jan 04, 2018 |
| Shares of China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) touched a high of 0.265 and dipped down to a low of 0.255 before settling at 0.26 in the most recent session. The stock has experienced bearish momentum as it’s ATR or Average True Range has dipped consistently over the past 10 sessions.
When focusing on technical stock analysis, traders and investors may choose to also study the ATR or Average True Range. The present 14-day ATR for China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) is currently standing at 0.01. 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. Currently, the 14-day ADX for China Vanadium Titano-Magnetite Mining Co Ltd (0893.HK) is sitting at 17.93. 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. |
