Watching the Tape Move for Sorl Auto Parts Inc (SORL)

Needle moving action has been spotted in Sorl Auto Parts Inc (SORL) as shares are moving today on volatility 4.12% or 0.16 from the open. The NASDAQ listed company saw a recent bid of 4.04 and 250441 shares have traded hands in the session.

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Sorl Auto Parts Inc’s Williams Percent Range or 14 day Williams %R currently sits at -76.26. 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 Sorl Auto Parts Inc (SORL) is sitting at 43.63. 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 Sorl Auto Parts Inc (SORL) is currently at 31.40, the 7-day stands at 34.16, and the 3-day is sitting at 54.22.

By Journal Contributor