Technical Review on Shares of HSBC ETFS Plc (HMCX.L)

Tracking shares of HSBC ETFS Plc (HCAN.L), we have noted that the SuperTrend is now higher than recent stock price levels. A trendline is a sloping line that is drawn between two or more prominent points on a chart. Accern also assigned media stories about the financial services provider an impact score of 46.0944923740272 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A reading between 0 to -20 would represent a strong overbought condition. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The RSI oscillates on a scale from 0 to 100.

Currently, the 14-day ADX for HSBC ETFS Plc (HCAN.L) is sitting at 17.75.

Watching the signals on shares of HSBC ETFS Plc (HMWO.L), we note that the PPO is now below the signal line.

HSBC ETFS Plc (HCAN.L)'s Williams Percent Range or 14 day Williams %R now sits at -47.89. A reading from -80 to -100 would signal an oversold situation.

The Awesome Oscillator (AO), created (and aptly named) by Bill Williams, is an indicator which is able to show what is happening with driving force of the market. The ADX is used to measure trend strength. The RSI value will always move between 0 and 100. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. The 14-day ADX sits at 32.64. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors.

SSGA SPDR ETFS Europe I (GOVY.L) presently has a 14-day Commodity Channel Index (CCI) of 140.61. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Normal oscillations tend to stay in the range of -100 to +100. Moving averages are considered to be lagging indicators meaning that they confirm trends. In terms of moving averages, the 200-day is now at 1487.37, the 50-day is 1530.56, and the 7-day is resting at 1535.27. RSI can be used to detect general trends as well as finding divergences and failure swings. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 43.45, the 7-day stands at 32.78, and the 3-day is sitting at 9.34.

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