Investor’s Pleased with The 1.26% Week Gains For CENTRAL BANK OF INDIA (CENTRALBK.BO)

Shares of CENTRAL BANK OF INDIA (CENTRALBK.BO) have been trending up over the past five bars, revealing solid bullish momentum for the shares, as they ran 1.26% for the week.  Studying further out we note that the shares have moved 21.00% over the past 4-weeks, -46.46% over the past half year and -52.08% over the past full year.

There are plenty of different types of stocks that investors have to select from. Some will opt to be more aggressive with their portfolios while others will select to play it a bit safer. Blue chip stocks include companies that typically have a high market cap and have been profitable over a long season of time. Growth stocks are typically expected to have a high P/E ratio and a low dividend yield. The idea is that a growth stock will continue to expand and grow into the future. Many investors will be searching for value stocks. Value stocks are typically cyclical in nature and investors may be viewing to buy and hold these types rather than try to squeeze out some short-term profits.

CENTRAL BANK OF INDIA (CENTRALBK.BO) currently has a 14 day Williams %R of -33.01. 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 quantify overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the season being observed.

We can also take a look at the Average Directional Index or ADX of CENTRAL BANK OF INDIA (CENTRALBK.BO). The ADX is used to quantify 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 28.35. 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, CENTRAL BANK OF INDIA (CENTRALBK.BO) has a 14-day Commodity Channel Index (CCI) of 1.66. Developed by Donald Lambert, the CCI is a versatile resource 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 season. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

A commonly used resource 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 season of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to assist the trader think through proper support and resistance levels for the stock. Currently, the 200-day MA for CENTRAL BANK OF INDIA (CENTRALBK.BO) is sitting at 55.95. 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 60.46, the 7-day is 57.37, and the 3-day is resting at 52.69.

As we close in on the end of the calendar year, investors may be trying to visualize potential trades for the New Year. There are many professionals that believe that there is still plenty of room for stocks to run even at current levels. Preparing the game plan for the next few quarters may give the investor some new ideas. Staying focused and maintaining discipline may assist guide the investor to unchartered territory in the coming months. Tracking market events from multiple angles may also assist provide some enhanced perspective.

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