Needle moving action has been spotted in ALAM MARITIM RESOURCES BERHAD (5115.KL) as shares are moving today on volatility -2.78% or -0.005 from the open. The BM listed company saw a recent bid of 0.175 and 1311100 shares have traded hands in the session.
It is no secret that most investors have the best of intentions when diving into the equity markets. Making sound, informed decisions can help the investor make the most progress when dealing with the markets. Often times, investors may think they have everything in order, but they still come out on the losing end. Investors may need to figure out ways to keep emotion out of stock picking. Sometimes trading on emotions can lead to poor results. Making hasty decisions and not paying attention to the correct data can lead to poor performing portfolios in the long-term.
Taking a deeper look into the technical levels of ALAM MARITIM RESOURCES BERHAD (5115.KL), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -60.00. 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.
ALAM MARITIM RESOURCES BERHAD (5115.KL) currently has a 14-day Commodity Channel Index (CCI) of -35.27. 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.
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, ALAM MARITIM RESOURCES BERHAD’s 14-day RSI is currently at 54.13, the 7-day stands at 51.57, and the 3-day is sitting at 43.82.
Currently, the 14-day ADX for ALAM MARITIM RESOURCES BERHAD (5115.KL) is sitting at 33.04. 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.