Yee Hop Holdings Limited (1662.HK) Run Higher 4.24% For the Week

Shares of Yee Hop Holdings Limited (1662.HK) have been trending up over the past five bars, revealing solid bullish momentum for the shares, as they ran 4.24% for the week.  Considering further out we note that the shares have moved 2.38% over the past 4-weeks, 5.52% over the past half year and 70.30% over the past full year.

Investors have plenty to keep up with when following day to day business news. Sifting through the headlines can be cumbersome, and figuring out which data to pay attention to can be very time consuming. News events can play a big role in the investing world. Big news has the ability to push a stock up or down. Sometimes the move may be justified, and other times it may not be. Disciplined investors are usually skilled at determining which information to focus on. Overreactions can play a large role in determining the long-term health of a portfolio. Investors often have to discern that a great stock can see periods of decline just as a weak stock may experience periods of strength. Placing in the research hours can aid the investor prepare for opportunities when they spot unusual action in the share market.

Currently, Yee Hop Holdings Limited (1662.HK) has a 14-day Commodity Channel Index (CCI) of 64.79. 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 54.97, the 7-day sits at 56.34, and the 3-day is resting at 49.99 for Yee Hop Holdings Limited (1662.HK). The Relative Strength Index (RSI) is a highly leading 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 leading 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 1.70.

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 gazing 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 Yee Hop Holdings Limited (1662.HK) is currently at 24.67. 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.

Some investors may be lamenting the fact that they have not taken full advantage of the long bull run. There are plenty of pundits that are calling for a sharp share market decline, but there are also many who believe that the ceiling has been raised and there is much more room for stocks to go higher. Getting into the market at these levels may be holding some investors back from jumping into the fray, and nobody can be sure which way the momentum will swing as we near the end of the year. The next round of firm earnings reports should provide some good information about future prospects. Investors will be closely watching to see which sectors are running at full speed and which ones are lagging. 

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