Tale of the Ticker: Prudential Short Duration High (ISD), Russia Bear 3X Direxion (RUSS) Moving on Volume

Needle moving action has been spotted in Prudential Short Duration High (ISD) as shares are moving today on volatility 0.00% or 0.00 from the open. The NYSE listed company saw a recent bid of 14.878 and 66397 shares have traded hands in the session.

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Currently, the 14-day ADX for Prudential Short Duration High (ISD) is sitting at 12.25. 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. 

Prudential Short Duration High (ISD) currently has a 14-day Commodity Channel Index (CCI) of 3.58. 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, Prudential Short Duration High’s  14-day RSI is currently at 51.22, the 7-day stands at 48.77, and the 3-day is sitting at 31.75.

Taking a deeper look into the technical levels of Prudential Short Duration High (ISD), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -45.16. 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.

Shares of Russia Bear 3X Direxion (RUSS) are moving on volatility today -1.99% or $-0.35 from the open. The NYSE listed company saw a recent bid of $17.235 and 66389 shares have traded hands in the session.

Investors often conduct stock analysis to help figure out which ones are a good buy, and at what price should they get in. The two main types of stock research used by investors are fundamental and technical analysis. Some investors will only study the fundamentals while others will only follow the technicals. Many will choose to combine the two methods in order to get a more well-rounded view of the stock. Fundamental analysis entails following company data. This may include studying the balance sheet, profit and loss statements, and the overall competency of company management. Fundamental analysts often use financial ratios to help understand company information. Technical analysts often study charts in order to define trends. This research is typically not concerned with how the underlying financials of the company look, but how the stock has been trading.

Deep diving into the technical levels for Russia Bear 3X Direxion (RUSS), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of -96.23. 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. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. 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 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 Russia Bear 3X Direxion (RUSS) is currently at 21.15, the 7-day stands at 10.15, and the 3-day is sitting at 4.29.

Russia Bear 3X Direxion’s Williams Percent Range or 14 day Williams %R currently sits at -99.41. 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 Russia Bear 3X Direxion (RUSS) is sitting at 31.98. 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.

By Journal Contributor