Trading Notebook: Ultimate Oscillator Located Under 40 for Australian Vanadium Ltd (AVLO.AX)
Date: Dec 26, 2018
The Ultimate Oscillator level is presently underneath 40 on shares of Australian Vanadium Ltd (AVLO.AX). Active traders may be closely tracking the indicator to see if oversold conditions are present at current levels.
Investors may be searching for various types of stocks to help diversify the portfolio. Growth stocks include shares of companies that may have the possibility of generating higher than average profit growth and revenues. These companies tend to pump earnings back into the business, and they generally expand quicker than the overall economy. Although growth stocks can be a bit riskier, they can also provide a higher level of reward down the line. Cyclical stocks consist of companies that typically will ride the wave of the overall economy. These shares tend to perform well when the economy is doing well and perform poorer when the economy is faltering.
When applying indicators for technical analysis, traders and investors might want to examine the ATR or Average True Range. The current 14-day ATR for Australian Vanadium Ltd (AVLO.AX) is currently sitting at 0.00. 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.
Investors may be tracking certain levels on shares of Australian Vanadium Ltd (AVLO.AX). The current 50-day Moving Average is 0.02, the 200-day Moving Average is 0.02, and the 7-day is noted at 0.01. Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.
Taking a quick look at technical levels and trend lines, we see that the stock has a 14-day ADX of 35.70. For traders looking to capitalize on trends, the ADX may be an essential technical tool. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.
