Checking in on the numbers for Phototron Holdings Inc (PHOT), we have recently seen that the +DI is higher than the -DI. Traders may be keeping close watch to see if the stock is showing signs of bullish momentum.
Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 55.96, the 7-day is 52.83, and the 3-day is currently at 40.65 for Phototron Holdings Inc (PHOT). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.
Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 0.01 and the 50-day is 0.01.
At the time of writing, the 14-day ADX for Phototron Holdings Inc (PHOT) is 35.21. Many technical chart analysts believe that an ADX value over 25