Trading Monitor: Following the Signals for Schneider Electric (SBGSF)
Posted Jan 26, 2018 | Hits: 15 | Stock No: #55387
Watching the numbers for Schneider Electric (SBGSF), we have seen that the 14 day Stochastic RSI reading is showing a possible bullish divergence. Traders will be monitoring session action this week closely to see if there is indeed bullish momentum brewing, or a reversal of fortune.
Currently, Schneider Electric (SBGSF) has a 14-day Commodity Channel Index (CCI) of 118.26. The CCI technical indicator can be employed to help figure out if a stock is overbought or oversold. CCI may also be used to aid in the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.
Currently, the 14-day ADX for Schneider Electric (SBGSF) is sitting at 23.29. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support 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. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
After a recent look, Schneider Electric (SBGSF) has a 50-day Moving Average of 85.78, the 200-day Moving Average is 78.35, and the 7-day is noted at 90.42. A popular tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.
Schneider Electric (SBGSF)’s Williams Percent Range or 14 day Williams %R presently is at -1.83. 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.
The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 75.97, the 7-day is at 85.04, and the 3-day is spotted at 88.72 for Schneider Electric (SBGSF).
About Schneider Electric
Schneider Electric SE is a France-based company that specializes in electricity distribution, automation management and produces installation components for energy management. The Schneider Electric Company has five divisions organized by business: Energy and Infrastructure, which includes medium and low voltage, installation systems and control, renewable energies and includes customer segments in Utilities, Marine, residential and oil & gas sector; Industry, which includes automation & control which includes water treatment and mining, minerals & metals industries; Buildings, which includes building automation and security, whose customers are hotels, hospitals, office and retail buildings; Data canters and networks, and Residential which is engaged in solutions for saving electricity bills by combining lighting and heating control features.