Trading Monitor: Following the Signals for DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO)

Watching the numbers for DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO), we have seen that the 14 day Stochastic RSI reading is showing a possible bullish divergence. Traders will be monitoring session action this week closely to see if there is indeed bullish momentum brewing, or a reversal of fortune.

Currently, DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) has a 14-day Commodity Channel Index (CCI) of 127.68. The CCI technical indicator can be employed to help figure out if a stock is overbought or oversold. CCI may also be used to aid in the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.

Currently, the 14-day ADX for DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) is sitting at 13.05. 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.

After a recent look, DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) has a 50-day Moving Average of 16.68, the 200-day Moving Average is 18.10, and the 7-day is noted at 16.20. A popular tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO)’s Williams Percent Range or 14 day Williams %R presently is at -12.24. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 51.94, the 7-day is at 59.37, and the 3-day is spotted at 74.05 for DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO).

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