Over the past 7 sessions, Analytixinsight Inc (TSXV:ALY) has seen its volume moving average continue to climb. The stock recently hit $0.32 from the most recent open, a change of $0.07.
Volume Moving Averages, unlike other Moving Averages, measure volume rather than price. Any period of time can be given and the VMA tracks the average amount of shares trading hands. VMAs allow you to see stock patterns without the confusion of quick price changes.
A longer period or ‘slow’ VMA can identify long term increases in volume. Long term trend reversals are often preceded by significant volume surges. By comparison, short term reversals can often be preceded by short term volume surges.
We can also take a look at technical indicators to get a better grasp on the stock’s future prospects. The company currently has a 7 day Moving Average of $0.25, a 50 day Moving Average of $0.20, and a 200 day Moving Average of $0.22. These averages are useful for filtering out short term noise in price movements.
We can also look at the Williams Percentage Range. The Williams %R oscillates between 0 and -100, with 0 to -20 indicating a stock is overbought and a rating of -80 to -100 would signal an oversold situation. The company currently has a Williams %R of -7.69.
The Relative Strength Index is a handy tool for measuring whether a stock is overbought or oversold. Oscillating between 0 and 100, any score above 70 indicates a stock may be overbought or overvalued and a score below 30 indicates a stock may be oversold or undervalued. The company currently has a 3 day RSI of 98.74, a 7 day RSI of 94.42, and a 14 day RSI of 85.62.
The Commodity Channel Index, originally developed for use in the commodity market, oscillates to indicate uptrends and downtrends, with a rating above +100 indicating strong price action and a possible uptrend, and a signal of -100 indicating weak price action and a possible downturn. Analytixinsight Inc has a 14 day CCI of 327.73.
Finally, we can take a look at the Average Directional Index. The ADX is widely used to spot trends. It runs from 0 to 100. A score of 0 to 20 indicates no trend, 20 to 25 indicates an unclear trend, 25 to 50 indicates a strong trend, 50 to 75 indicates a very strong trend, and 70+ indicates an extremely strong trend. Analytixinsight Inc currently sits at an ADX of 19.06, indicating no trend.
Featured Image: depositphotos/pressmaster