Recently, Reliq Health Technologies, Inc. (TSXV:$RHT) has seen its SuperTrend line drop below the current stock price. This signal can alert investors that the stock has possibly entered the ‘Sell’ territory. So what are the indicators telling us about Reliq health Technologies, Inc.?
The Relative Strength Index is an oscillating indicator that ranges from 0 to 100. The RSI is useful for measuring the speed and change of stock price movements. It can also serve as a means to monitor historical and current strength or weakness in certain markets. Originally developed by J. Welles Wilder, any RSI rating over 70 is considered overbought and anything under 30 signals an oversold scenario. Reliq currently has a 3-day RSI of 61.35, a 7-day RSI of 68.06, and a 14-day RSI of 70.45.
We can also take a look at moving averages. Moving averages are the average price of a stock over a given period of time. They can helpful for identifying peaks and valleys, filtering out daily noise, and identifying bullish or bearish patterns. Currently, Reliq has a 200-day moving average of 0.13.
The Williams Percent Range is an oscillating indicator that goes from 0 to -100, with anything under -80 signalling oversold and anything above -20 signaling overbought. Reliq currently has a 14 day Williams %R of -22.10.
Finally, we can take a look at the Commodity Channel Index. This technical indicator runs from roughly +100 to -100 and helps to identify when stocks are oversold or overbought. A reading near -100 indicates that a stock is oversold, whereas a rating of +100 indicates a stock is overbought. Reliq currently has a 14 day CCI of 88.68.
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