May 21, 2018

FDx Advisors Inc. Trims Position in iShares Core Aggressive Allocation ETF (AOA)

18 May 2018, 01:41 | Melvin Schneider

Source Flickr

Source Flickr

(PLU.V) has a 14-day Commodity Channel Index (CCI) of 78.84. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. On the other side, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

We can also do some further technical analysis on the stock. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would support a strong trend. A positive or negative threshold can be used to define the strength of the trend.

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Interested investors may be watching the Williams Percent Range or Williams %R. 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 ETF sector weights are: Basic Materials 2.68%, Consumer Cyclical 12.07%, Financial Services 16.90%, Realestate 2.24%, Consumer Defensive 7.45%, Healthcare 14.05%, Utilities 2.91%, Communication Services 3.12%, Energy 6.24%, Industrials 10.35%, Technology 22.00%. In general, if the reading goes above -20, the stock may be considered to be overbought. In general, if the reading goes above -20, the stock may be considered to be overbought. Checking in on some other technical levels, the 14-day RSI is now at 63.30, the 7-day stands at 77.88, and the 3-day is sitting at 96.79. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Aggressive Index (the Aggressive Allocation Index). When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. If the current close price (as depicted by the chikou span) is lower than the price of 26 periods ago, that would indicate that there is a potential for more bearish price action to come, since price tends to follow trends. As a momentum oscillator, the RSI operates in a set range. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. Aroon-based indicators do this by measuring price changes relative to time. (TCL-B.TO) is showing a five day consistent uptrend, signaling building market momentum for the shares. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Author and trader Bill Williams created The Awesome Oscillator Indicator (AO) and outlined the theory and calculation in his book "New Trading Dimensions".

Taking a peek at some Moving Averages, the 200-day is at 1307.91, and the 50-day is 1298.96. The Awesome Oscillator subtracts a 34 period simple moving average (SMA) from a 5 period SMA. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

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