Technical Indicator Scrutiny For Phototron Holdings Inc (PHOT) – Midway Monitor

Investors have been giving some added attention to shares of Phototron Holdings Inc (PHOT). Looking at the Relative Strength Index, the 14-day RSI is presently standing at 69.13, the 7-day is 78.55, and the 3-day is resting at 95.11. 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.

Currently, the 14-day ADX for Phototron Holdings Inc (PHOT) is sitting at 32.79. 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.

Investors have the ability to use technical indicators when completing stock research. At the time of writing, Phototron Holdings Inc (PHOT) has a 14-day Commodity Channel Index (CCI) of 205.46. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions.

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