Elang Mahkota Teknologi Tbk (EMTK.JK) shares under being placed under the lens today as the Twiggs Money Flow indicator, or TMF has trickled below the zero line, indicating downward momentum. Twiggs Money Flow Index is a technical indicator created by Collin Twiggs. It is derived from Chaikin Money Flow Index but uses true ranges instead of highs minus lows to prevent spikes due to gaps. It is also using a smoothing exponential moving average to prevent volume spikes to alter results. The exponential moving average is the one described by Welles Wilder for many of his indicators.
When Twiggs Money Flow Index moves above 0, players are accumulating and thus prices are subject to climb higher. When Twiggs Money Flow Index is below 0, players are distributing and prices are more subject to move lower. Divergences of Twiggs Money Flow Index indicator with prices give also solid signals.
The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Elang Mahkota Teknologi Tbk (EMTK.JK) is 35.68. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors. The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R is noted at -63.79. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.
Elang Mahkota Teknologi Tbk (EMTK.JK)’s 14-day RSI is presently resting at 49.53. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.
Elang Mahkota Teknologi Tbk (EMTK.JK) currently has a 14-day Commodity Channel Index (CCI) of -32.48. 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.
Shares of Elang Mahkota Teknologi Tbk (EMTK.JK) have a 200-day moving average of 9594.00. The 50-day is 9264.00, and the 7-day is sitting at 9871.43. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels.
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