Horizons SP 500 Index ETF (HXS.TO) Ichimoku Levels Indicate Positive Trend

Investors are entering the second quarter on the defensive after the worst three months for global stocks in more than two

Investors are entering the second quarter on the defensive after the worst three months for global stocks in more than two

Traders may be following the score looking for signs of possible strength. It is a visual technical analysis system and the charts are created to be considered in their entirety to gain a perspective on the overall direction of the share or index and distinguish higher probability opportunities from lower probability ones. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. A common look back period is 14 days. Charles River Laboratories Intl (CRL) now has a 14 day Williams %R of -96.18. Despite the name, CCI can be used on other investment tools such as stocks. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. In terms of moving averages, the 200-day is now at 106.00, the 50-day is 107.44, and the 7-day is resting at 106.57. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time.

S&P Smallcap Info Tech PS (PSCT)'s Williams Percent Range or 14 day Williams %R is sitting at -99.83. Horizons SP 500 Index ETF (HXS.TO)'s Williams %R presently stands at -73.33. The RSI oscillates on a scale from 0 to 100. A reading from -80 to -100 would indicate an oversold situation. In general, and ADX value from 0-25 would represent an absent or weak trend. The Williams %R is a momentum indicator that helps measure oversold and overbought levels.

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The 14-day ADX for Horizons SP 500 Index ETF (HXS.TO) is now at 22.96. A reading between 0 and -20 would indicate an overbought situation. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.

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