Vanadium One Energy Corp (VONE.V)’s RCI Moving Towards Key Level

Date: Jul 02, 2018

Vanadium One Energy Corp (VONE.V) shares are being closely watched as the Rank Correlation Indicator has shown an upward 3 bar near-term trend, indicating that a reversal might be near.  If the shares reach the +80 level, this would signify that the shares have entered overbought territory.

The indicator Spearman Rank Correlation Index’s (RCI) is a statistical oscillator based on the correlation model provided by the mathematician Charles Spearman. The indicator shows statistical relations between date and price as a correlation without the relationship between the two variables is of affine type. The idea is to find correlation between the ranks of values instead of the values themselves.

Taking a look at some other key indicators, Vanadium One Energy Corp (VONE.V)’s Williams Percent Range or 14 day Williams %R is resting at 0.00. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Vanadium One Energy Corp (VONE.V) presently has a 14-day Commodity Channel Index (CCI) of 93.33. 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. Checking on another technical indicator, the 14-day RSI is currently sitting at 68.99, the 7-day rests at 84.19, and the 3-day is presently at 98.86 for Vanadium One Energy Corp (VONE.V).

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