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AIRASIA X BERHAD (5238.KL)’s Triple Exponential Moving Average Trending Higher

{转贴}AIRASIA X BERHAD (5238.KL) shares are being monitored by traders as the TEMA is gaining upward momentum, signifying a potential uptrend for the name.  The Triple Exponential Moving Average or  TEMA, is a technical indicator that was developed by Patrick Mulloy and published in the “Technical Analysis of Stocks & Commodities” magazine in 1994. As Mulloy explains in his original article, “the definition of TEMA1 is not a ‘simple’ triple EMA, but rather a composite of a single, double and triple EMAs, which eliminates the lag when there is a trend.”  The indicator can be used for smoothing price data, as well as for smoothing other indicators.Let’s take a closer look at some additional technical levels for AIRASIA X BERHAD (5238.KL). The 14-day RSI is presently at 58.93, the 7-day is 56.83, and the 3-day is spotted 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.

In terms of CCI levels, AIRASIA X BERHAD (5238.KL) currently has a 14-day Commodity Channel Index (CCI) of 86.23. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. The 14-day ADX is 46.74. Many technical chart analysts believe that an ADX reading over 25 would suggest a strong trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Investors may be studying other technical indicators like the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. AIRASIA X BERHAD (5238.KL)’s Williams %R presently stands at -53.85. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation. Looking at some moving average levels on shares of AIRASIA X BERHAD (5238.KL), the 200-day is at 0.39, the 50-day is 0.36, and the 7-day is sitting at 0.40. Moving averages can help identify trends and price reversals. They may also be used to help spot support and resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

https://aikenadvocate.com/airasia-x-berhad-5238-kls-triple-exponential-moving-average-trending-higher/873096/

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