American Green Inc (ERBB) market momentum is building as the Awesome Oscillator (AO) is showing an uptrend in the name over the past 5 bars. Awesome Oscillator shows the difference in between the 5 SMA and 34 SMA. If to be precise, 5 SMA of midpoints is subtracted from 34 SMA of midpoints which allows to see the market momentum. Awesome Oscillator buy signals are created when the indicator crosses from below 0 to above 0. The oscillator changes from green (upward movement) to red (downward movement) and back to green again. The oscillator was developed by Bill Williams and outlined in his book titled “New Trading Dimensions”.
Investors might be interested in taking a closer look at some additional stock technical levels. After a recent check, American Green Inc (ERBB) has a 14-day ATR of 0.00. The average true range indicator was created by J. Welles Wilder in order to measure volatility. The ATR may help traders to determine the strength of a breakout or reversal in price. It is important to mention that the ATR was not designed to calculate price direction or to predict future prices.
Currently, the 14-day ADX for American Green Inc (ERBB) is sitting at 15.14. 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.
Checking in on some other technical levels, the 14-day RSI is currently at 42.76, the 7-day stands at 45.76, and the