OLYMPIA INDUSTRIES BERHAD (3018.KL) Claw Higher 4.76% For the Week

OLYMPIA INDUSTRIES BERHAD (3018.KL) has ended the week in the black, yielding positive results for the shares at they ticked 4.76%. In taking a look at recent performance, we can see that shares have moved 10.00% over the past 4-weeks, -8.33% over the past half year and -12.00% over the past full year.

Investors have a wide range of tools at their disposal when undertaking stock research. Many investors will opt to use a combination of technical and fundamental analysis. Staying on top of the share market is no easy task. what information is necessary and how to interpret that information can be the difference between substantial profits and big losses. Investors are commonly trying to find a way to achieve long lasting success in the share market. Many investors will experience temporary success that may give them false confidence down the road. Digging into the details and learning as much as possible about how markets work can be a huge aid to the investor. 

Currently, OLYMPIA INDUSTRIES BERHAD (3018.KL) has a 14-day Commodity Channel Index (CCI) of 259.26. The CCI technical indicator can be employed to aid think through if a stock is overbought or oversold. CCI may also be used to aid in the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.

Tracking other technical indicators, the 14-day RSI is at present standing at 78.27, the 7-day sits at 93.91, and the 3-day is resting at 99.95 for OLYMPIA INDUSTRIES BERHAD (3018.KL). The Relative Strength Index (RSI) is a highly sought-after technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most sought-after time frames using RSI is the 14-day.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can aid investors think through where the stock has been and aid determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 0.11.

Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be viewing to think through if a stock is trending before employing a specific trading strategy. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for OLYMPIA INDUSTRIES BERHAD (3018.KL) is currently at 42.93. 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. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

Investors are usually striving to find that next big stock to add to the portfolio. With markets still riding high, investors will be closely watching the numbers as companies start reporting quarterly earnings results. Investors will also be keeping an eye on key economic data over the next few weeks. Many individual investors will approach the share market from various angles. This may include following fundamental and technical information, and it may also include following broker projections.

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