Coffee Day Enterprises Ltd (COFFEEDAY.BO) Shares Placed Under Scrutiny After a -2.78% Weekly Loss

Coffee Day Enterprises Ltd (COFFEEDAY.BO) shares are showing negative signals short-term as the stock has finished lower by -2.78% for the week. In taking a look at recent performance, we can see that shares have moved -3.00% over the past 4-weeks, -1.35% over the past half year and -20.46% over the past full year.

Some investors may be viewing to trade the trend and capitalize on strong current performers. Other investors may look to take a contrarian approach. This can involve viewing for names that have been overlooked by the crowd. There are many different contrarian approaches that investors may single out to use. Going against the crowd may require a lot more research and confidence. There may be hidden gems out there, but is may be farsighted to investigate why nobody else seems to want to get into the name. Finding that perfect strategy may take a lot of study and dedication. Taking shortcuts in the market can have severe negative effects on the long-term health of the portfolio. 

We can also take a look at the Average Directional Index or ADX of Coffee Day Enterprises Ltd (COFFEEDAY.BO). The ADX is used to sum trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX currently sits at 21.42. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. At the time of writing, Coffee Day Enterprises Ltd (COFFEEDAY.BO) has a 14-day Commodity Channel Index (CCI) of -83.51. Developed by Donald Lambert, the CCI is a versatile gizmo that may be used to assist spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time timeframe. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

Coffee Day Enterprises Ltd (COFFEEDAY.BO) currently has a 14 day Williams %R of -93.28. In general, if the level goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may signal that the stock is oversold. The Williams Percent Range or Williams %R is a technical indicator that was developed to sum overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the timeframe being observed.

A commonly used gizmo 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 certain timeframe of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to assist the trader understand proper support and resistance levels for the stock. Currently, the 200-day MA for Coffee Day Enterprises Ltd (COFFEEDAY.BO) is sitting at 279.66. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is currently standing at 31.21, the 7-day is 14.21, and the 3-day is resting at 0.50.

Traders are often viewing for any little advantage that they can get when attempting to grab profits in the equity market. Traders might be closely watching insider buying and selling as well as what the successful fund managers are doing. Following the smart money can assist investors get a grasp on the bigger picture of what is going on with certain equities. There is no shortage of information that the individual trader can get their hands on. Figuring out how to best put that information to work is an vital part of any trading plan. With so much data to track, traders may have to decide which information they will use when making the big investing decisions. Pinpointing the next great trade could be just around the corner, but it may take some uncomfortable work and enhanced focus.

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