Shares of Betashares Commodities Basket Etf-currency Hedged(synthetic) (QCB.AX) have seen the needle move -8.21% or -0.80 in the most recent session. The ASX listed company saw a recent bid of $8.95 on 1430 volume.
Traders using technical analysis typically believe that all the needed information to trade a specific stock can be spotted in the charts. These traders are generally taking a shorter-term view when studying the market. Technical analysts are usually striving to spot the directional trend of a stock. Trends may be noted as upward, downward, or sideways. Many technicians will rely heavily on support and resistance levels in order to make informed decisions when buying and selling equities. These traders are also closely watching volume levels to help gauge activity. Traders are constantly searching for patterns in the charts. There are many different identifiable patterns that traders can look for. Some of these include head and shoulders, triangles, and double tops/bottoms.
Betashares Commodities Basket Etf-currency Hedged(synthetic) (QCB.AX) has a 14-day ATR of 0.16. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.
Currently, the 14-day ADX for Betashares Commodities Basket Etf-currency Hedged(synthetic) (QCB.AX) is sitting at 24.11. 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 RSIfor Betashares Commodities Basket Etf-currency Hedged(synthetic) (QCB.AX) is currently at 26.59, the 7-day stands at 13.03, and the 3-day is sitting at 2.92.
Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Betashares Commodities Basket Etf-currency Hedged(synthetic) (QCB.AX) is sitting at -350.51. CCI is an indicator used in technical analysis that was designed by Donald Lambert. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold).
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. Shares of Betashares Commodities Basket Etf-currency Hedged(synthetic) (QCB.AX) have a 7-day moving average of 9.74. Taking a glance at the relative strength indictor, we note that the 14-day RSI is currently at 26.59, the 7-day stands at 13.03, and the 3-day is sitting at 2.92.