echnical Trading Review on Vanadium One Energy Corp (VONE.V)
| Date: Dec 21, 2017 |
| Looking at shares from a technical standpoint, Vanadium One Energy Corp (VONE.V) presently has a 14-day Commodity Channel Index (CCI) of 83.33. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.
We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for Vanadium One Energy Corp (VONE.V) is 13.83. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available. Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Vanadium One Energy Corp (VONE.V)’s Williams Percent Range or 14 day Williams %R currently sits at -33.33. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold. |
