Fitaihi (4180.SA) Churns 2.04% Higher as Bulls Pull in the Reigns

Fitaihi (4180.SA) shares are showing positive signals short-term as the stock has finished higher by 2.04% for the week. In taking a look at recent performance, we can see that shares have moved -1.08% over the past 4-weeks, -10.86% over the past half year and -11.58% over the past full year.

New traders may face many challenges when entering the share market. One of the bigger challenges involves not repeating mistakes. As with any new endeavor, there will be a learning curve. Paying attention to historical trades can assist the trader understand where they might have gone astray. Repeating the same mistakes over and over again can lead to the demise of the trader’s confidence and uncomfortable earned money. Traders who are able to move forward and learn from previous errors may find themselves making much better decisions in the future.

Investors may be tracking certain levels on shares of Fitaihi (4180.SA). The current 50-day Moving Average is 10.94, the 200-day Moving Average is 11.71, and the 7-day is noted at 10.85. Moving averages can assist spot trends and price reversals. They may also be used to assist 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.

Traders may be relying in part on technical stock analysis. Fitaihi (4180.SA) currently has a 14-day Commodity Channel Index (CCI) of 171.70. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically remain within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

At the time of writing, the 14-day ADX for Fitaihi (4180.SA) is 15.02. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

The Relative Strength Index (RSI) is one of multiple faddish technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time course. RSI can be used to assist spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 56.53, the 7-day is at 67.40, and the 3-day is spotted at 88.18 for Fitaihi (4180.SA).

Most people highly dislike losing. This is no different for individuals trading the share market. Successful traders tend to be highly adept at managing uncertainty and creating detailed trading plans. Consistently beating the market is no easy task. Many traders and investors will spend countless hours trying to figure it all out. Some people will continue to do their diligence work and put in the required time and effort. Others may burn out hot and fast wondering what happened. Markets can be cruel, and being prepared for various scenarios can assist the trader better manage the trading seas when markets become rocky.

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