JD Sports Fashion PLC (JD.L) Awesome Oscillator Trending Higher Past 5 Bars

JD Sports Fashion PLC (JD.L) shares are being watched closely by traders as the Awesome Oscillator signal is revealing an upward trend building over the past five bars, signaling that market momentum is building for the name.

The Awesome Oscillator (AO), created (and aptly named) by Bill Williams, is an indicator which is able to show what is happening with driving force of the market.. The Awesome Oscillator is created using the difference between the 34-period and 5-period simple moving averages of the bar’s midpoints (H+L)/2. The AO is usually planned as a histogram in which bars higher than the preceding bar will be colored green. Bars lower than the preceding one will be colored red. The Awesome Oscillator was introduced by Williams in his book “New Trading Dimensions”. Investors are keeping a close eye on some additional technical levels for shares of JD Sports Fashion PLC (JD.L). The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. After a recent check, the 14-day ADX is 26.23. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

JD Sports Fashion PLC (JD.L) presently has a 14-day Commodity Channel Index (CCI) of 300.86. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is currently at 65.50, the 7-day stands at 80.10, and the 3-day is sitting at 95.56.

Taking a peek at some Moving Averages, the 200-day is at 371.21, and the 50-day is 346.78. Dedicated investors may be looking to employ another tool for doing technical stock analysis. The Williams Percent Range or Williams %R is a technical indicator that was designed to measure overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the period being observed. JD Sports Fashion PLC (JD.L)’s Williams Percent Range or 14 day Williams %R presently is at -13.35. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

Leave a Comment