Transense Technologies Plc (TRT.L) Shares Dip -2.60% For the Week

In taking a look at recent performance, we can see that shares have moved -3.50% over the past 4-weeks, -3.82% over the past half year and -1.89% over the past full year. Every investor wants their trades to be profitable, and doing that little extra piece of homework could be just what the finance doctor ordered for staying on top of the stock market. The RMI aims to iimprove upon the widely used Relative Strength Indicator, identifying when shares reach oversold or overbought range. The two emotions that come into play here are greed and fear. Investors tend to get greedy when they see stocks flying to new highs. The fear of losing becomes prevalent when this occurs, and investors may be tempted to sell like the rest. The CCI technical indicator can be used to help determine if a stock is overbought or oversold.

Tracking additional stock levels, UBS ETF (UB45.L) has a 14-day Commodity Channel Index (CCI) of -11.59. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 53.37, the 7-day stands at 64.36, and the 3-day is sitting at 86.03. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading.

The Average Directional Index or ADX is a popular technical indicator created to help measure trend strength.

A popular tool among technical stock analysts is the moving average. The stock traded within a range of $17.39 and $17.75. Transense Technologies Plc (TRT.L) now has a 14-day Commodity Channel Index (CCI) of -87.97. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal.

Traditional reading and handling of the RSI is that it values 70 or above shows that a security is becoming overbought or overvalued. On the other side of RSI values, an RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition.

At the time of writing, the 14-day ADX for Transense Technologies Plc (TRT.L) is 26.71. Generally speaking, an ADX value from 0-25 would indicate 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. ADX is used to gauge trend strength but not trend direction. Some analysts believe that the ADX is one of the best trend strength indicators available. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. The RSI may be useful for spotting abnormal price activity and volatility. Values can span from 0 to -100. Historical statistical volatility is a measure of how much the stock price fluctuated during a given time period. A value between 0 to -20 would indicate a strong overbought condition. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -1.84%, and has a solid year to date (YTD) performance of -5.11% which means that the stock is constantly adding to its value from the previous fiscal year end price.

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