Needle moving action has been spotted in ALAM MARITIM RESOURCES BERHAD (5115.KL) as shares are moving today on volatility 2.86% or 0.005 from the open. The BM listed company saw a recent bid of 0.18 and 6543200 shares have traded hands in the session.
Successful stock market traders and investors don’t usually just become that way overnight. There are often many years of experience behind those winning trades. The amount of data available to investors these days is staggering. Investors have to be able to focus on the provided information and decide which data should be followed and prioritized. Many investors will be keeping a watchful eye on the next round of company earnings reports. As companies start to report quarterly numbers, investors may be able to sift through the data and make some projections on how the stock will perform over the next few quarters.
Investors might be looking to track the ATR or Average True Range of the stock. Currently, ALAM MARITIM RESOURCES BERHAD (5115.KL) has a 14-day ATR of 0.01. 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 ALAM MARITIM RESOURCES BERHAD (5115.KL) is sitting at 32.84. 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 ALAM MARITIM RESOURCES BERHAD (5115.KL) is currently at 56.56, the 7-day stands at 58.88, and the 3-day is sitting at 76.81.
Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for ALAM MARITIM RESOURCES BERHAD (5115.KL) is sitting at 44.53. 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 ALAM MARITIM RESOURCES BERHAD (5115.KL) have a 7-day moving average of 0.18. Taking a glance at the relative strength indictor, we note that the 14-day RSI is currently at 56.56, the 7-day stands at 58.88, and the 3-day is sitting at 76.81.