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Bearing Resources Ltd (BRGRF): Technicals in Focus
11 Jan,2018
The Percentage Price Oscillator has been recently spotted below the signal line on shares of Bearing Resources Ltd (BRGRF). Traders watching these levels may be tracking the stock and watching for possible bearish momentum.
A commonly used 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 certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA for Bearing Resources Ltd (BRGRF) is sitting at 0.67.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 46.30, the 7-day is 45.46, and the 3-day is resting at 46.12.
Bearing Resources Ltd (BRGRF) currently has a 14-day Commodity Channel Index (CCI) of -26.24. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. 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 taking a look at. Bearing Resources Ltd (BRGRF) currently has a 14 day Williams %R of -62.45. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.