Value Industries Limited (VALUEIND.NS) Triple Exponential Moving Average Trending Higher

Value Industries Limited (VALUEIND.NS)’s Triple Exponential Moving Average has been spotted as trending higher over the past five bars, suggesting that momentum is building for the shares.  Triple Exponential Moving Average (also referred to as TEMA) was developed by Patrick Mulloy and was first published in the “Technical Analysis of Stocks & Commodities” magazine. The main purpose in developing of this indicator was reducing the lag between the indicator and price action by making it fast-acting and more sensitive to market changes. In similar to other moving averages way, the TEMA indicator is used to identify trends and generate trading signals.

After a recent technical review, shares of Value Industries Limited (VALUEIND.NS) have a 200-day moving average of 9.10. The 50-day is 7.32, and the 7-day is sitting at 9.27. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities.

Value Industries Limited (VALUEIND.NS)’s Williams Percent Range or 14 day Williams %R currently sits at -46.46. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Value Industries Limited (VALUEIND.NS) currently has a 14-day Commodity Channel Index (CCI) of 36.60. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Currently, the 14-day ADX for Value Industries Limited (VALUEIND.NS) is sitting at 27.59. 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.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 59.85, the 7-day stands at 56.30, and the 3-day is sitting at 40.06.

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