Published: Fri, August 11, 2017
Economy | By Annette Adams

Investors Buy iShares MSCI EAFE Index Fund (EFA) on Weakness

Investors Buy iShares MSCI EAFE Index Fund (EFA) on Weakness

HSBC MSCI BRAZIL UCITS ETF (HBRL.L) shares have popped up on the radar as the RMI or Relative Momentum Indicator has trended higher over the past 5 sessions. Traders will be actively monitoring current levels as the shares potentially close in on overbought territory. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. The first parameter is the number of periods used to determine price change. Harel Insurance Investments & Financial Services Ltd.'s holdings in iShares MSCI Taiwan Index were worth $796,000 as of its most recent filing with the SEC. The RSI oscillates on a scale from 0 to 100. The crossing of the MAMA and FAMA lines can be used to generate Buy and Sell signals. The stock has a 50 day moving average of $36.37 and a 200-day moving average of $34.10. iShares MSCI Taiwan Index has a 12 month low of $28.92 and a 12 month high of $37.49. iShares MSCI Taiwan Index also saw some unusual options trading activity on Tuesday. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Moving averages can be very useful for identifying peaks and troughs. In some cases, MA's may be used as strong reference points for spotting support and resistance levels. Amundi ETF MSCI China UCITS ETF - EUR (CC1U.L) now has a 14 day Williams %R of -11.99. Presently, Nouveau Life Pharmaceuticals Inc (NOUV)'s Williams Percent Range or 14 day Williams %R is resting at -100.00. In general, if the indicator goes above -20, the stock may be considered overbought. 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.

The Williams Percent Range or Williams %R is another technical indicator worth checking out. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down.

China All Access Holdings Ltd (0633.HK) presently has a 14-day Commodity Channel Index (CCI) of -84.00. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

Currently, the 14-day ADX for ArcelorMittal SA (MT) is sitting at 29.85. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. 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 ADX alone was created to measure trend strength.

The Relative Strength Index (RSI) is another highly popular momentum indicator used for technical analysis. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems".

Aug 9 is a positive day so far for iShares 0-5 Year TIPS Bond (NYSEARCA:STIP) as the ETF is active during the day after gaining 0.09% to hit $100.62 per share. BlackRock Inc. now owns 108,227,285 shares of the exchange traded fund's stock worth $7,056,419,000 after buying an additional 8,595,962 shares during the period. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. After a recent check, the 14-day RSIfor iShares Edge MSCI World Quality Factor UCITS ETF (IWQU.L) is now at 53.86, the 7-day stands at 48.99, and the 3-day is sitting at 42.74.

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