Taking
a look at recent stock price action on shares of Universal Apparel &
Textile Company (DKGR), we have noted that shares are now trading on top of the
Chikou line. Traders might be tracking future action to gauge possible upward
momentum if the price remains above the signal.Checking on current RSI levels
on shares of Universal Apparel & Textile Company (DKGR), the 14-day RSI is
currently standing at 35.56, the 7-day is at 30.07, and the 3-day is resting at
16.17. Relative Strength Index (RSI) is a frequently used technical analysis
tool. RSI helps measure changes in price movement of a specific equity. RSI is
a momentum oscillator that moves in a range from 0 to 100. RSI is generally
used to interpret whether a stock is overbought or oversold. As a general rule,
an RSI over 70 may indicate an overbought situation. On the other end of the
spectrum, a reading under 30 may indicate an oversold situation.
Interested traders may be keeping an eye on the Williams Percent Range or
Williams %R. Williams %R is a popular technical indicator created by Larry
Williams to help identify overbought and oversold situations. Investors will
commonly use Williams %R in conjunction with other trend indicators to help
spot possible stock turning points. Universal Apparel & Textile Company
(DKGR)’s Williams Percent Range or 14 day Williams %R currently sits at -91.67.
In general, if the indicator goes above -20, the stock may be considered
overbought. Alternately, if the indicator goes below -80, this may point to the
stock being oversold.
At the time of writing, the 14-day ADX for Universal Apparel & Textile
Company (DKGR) is 18.34. Many technical chart analysts believe that an ADX
value over 25 would suggest a strong trend. A reading under 20 would indicate
no trend, and a reading from 20-25 would suggest that there is no clear trend
signal. The ADX is typically plotted along with two other directional movement
indicator lines, the Plus Directional Indicator (+DI) and Minus Directional
Indicator (-DI). Some analysts believe that the ADX is one of the best trend
strength indicators available.
Universal Apparel & Textile Company (DKGR) presently has a 14-day Commodity
Channel Index (CCI) of -89.74. Typically, the CCI oscillates above and below a
zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI
reading of +100 may represent overbought conditions, while readings near -100
may indicate oversold territory. Although the CCI indicator was developed for
commodities, it has become a popular tool for equity evaluation as well.
Source: Daily Freeman, U.S.A Tuesday, 09 January 2018