Spdr S&P Homebuilders Etf (XHB): Watching the Technicals

How Equity Indexes and the Energy Sector Performed Last Week

The institutional investor owned 4,166 shares of the exchange traded fund's stock after purchasing an additional 705 shares during the period. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. The Ichimoku components are introduced in a specific order because that is how you should analyze or trade the market. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. The indicator is computed by using the average losses and gains of a stock over a certain time period. Lastly, when the price is above the cloud, then the top of the cloud will act as a general support level, and when price is below, the cloud base will act as resistance.

Another popular indicator among technical analysts that can help to measure the strength of market momentum is the Average Directional Index or ADX. ADX is used to gauge trend strength but not trend direction. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).

Currently, the 14-day ADX for Steelcase Inc (SCS) is sitting at 33.61. In general, and ADX value from 0-25 would represent an absent or weak trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.


First Pacific Co Ltd (FPAFY)'s Williams Percent Range or 14 day Williams %R is sitting at -84.62. The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100.

Investors may use multiple technical indicators to help spot trends and buy/sell signals. A value between 0 to -20 would represent a strong overbought condition. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Checking on another technical indicator, the 14-day RSI is now sitting at 56.54, the 7-day rests at 61.44, and the 3-day is presently at 65.73 for SPDR Bloomberg Barclays High Yield Bond ETF (JNK).

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 39.96, the 7-day is 35.16, and the 3-day is now at 38.94 for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM). Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Readings may range from 0 to -100. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Active investors may choose to use this technical indicator as a stock evaluation tool. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The company's 50-day moving average is $37.06 and its 200-day moving average is $37.01. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The current 50-day Moving Average is 47.10, the 200-day Moving Average is 44.97, and the 7-day is noted at 48.25.

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