A reading from -80 to -100 would signal an oversold situation. Presently, MB Financial Inc (MBFI) has a 14-day Commodity Channel Index (CCI) of -109.42. A reading between 0 and -20 would point to an overbought situation.
Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. The 14-day RSI for Tanzanian Royalty Exploration Corp (TRX) is now at 51.57, the 7-day stands at 49.01, and the 3-day is sitting at 37.36. The normal reading of a stock will fall in the range of 30 to 70. RSI can be used to detect general trends as well as finding divergences and failure swings. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Stock investors purchased 66,383 put options on the company. The Williams %R was developed by Larry Williams.
Investors may use various technical indicators to help spot trends and buy/sell signals. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). At the time of writing, the 14-day ADX for MB Financial Inc (MBFI) is noted at 20.57. 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 company has a 50-day moving average of $22.85 and a 200-day moving average of $22.60. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.