Shares On The Run: Alliance Holdings Gp (AHGP) and Global Ship Lease Inc (GSL)

Alliance Holdings Gp (AHGP) shares are moving today on volatility 0.32% or $0.09 from the open. The NASDAQ listed company saw a recent bid of $28.395 and 54741 shares have traded hands in the session.

Traders often employ unique systems when trying to beat the stock market. There are many different trading strategies or systems that can be used. New traders may find out very quickly that trading without a plan is a recipe for ruin. When starting out, it may require a lot of focus and dedication just to stay afloat. With more experience and hard work, traders may be able to eventually scoop up some of those profits that they were expecting when they started out. Some traders may have a few big wins right out of the gate. This may lead to overconfidence in the future if the proper precautions are not taken. Traders constantly need to be paying attention to everything that is going with the stock market. Moves can happen in the blink of an eye and without any notice. Being prepared to take a position at a moment’s notice can pay off big when the opportunity arises.

Alliance Holdings Gp’s Williams Percent Range or 14 day Williams %R currently sits at -3.95. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for Alliance Holdings Gp (AHGP) is sitting at 26.71. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Alliance Holdings Gp (AHGP) is currently at 67.93, the 7-day stands at 71.52, and the 3-day is sitting at 71.99.

Needle moving action has been spotted in Global Ship Lease Inc (GSL) as shares are moving today on volatility 0.00% or 0.00 from the open. The NYSE listed company saw a recent bid of 1.19 and 54711 shares have traded hands in the session.

Many new traders will jump right into the market without any concrete plan. They may be highly optimistic, but will soon realize that it takes more than optimism to secure profits in the stock market. Successful traders are usually good at having a backup plan for every trade. This may seem unnecessary to some, but when the harsh reality of a losing trade comes into the picture, it can be hard to rebound after taking a big hit. Rushing into trades to try and cover recent losses may also leave the trader on the outside looking in. Taking a rationalized approach may help the trader ride out the bumpy patches when they inevitably come.

Currently, the 14-day ADX for Global Ship Lease Inc (GSL) is sitting at 15.31. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. 

Global Ship Lease Inc (GSL) currently has a 14-day Commodity Channel Index (CCI) of 27.13. 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. 

After a recent check, Global Ship Lease Inc’s  14-day RSI is currently at 50.13, the 7-day stands at 54.82, and the 3-day is sitting at 64.00.

Taking a deeper look into the technical levels of Global Ship Lease Inc (GSL), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -50.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

By Journal Contributor