Needle Action Activity Spotted in Arts Optical International Holdings Ltd (1120.HK)

Needle moving action has been spotted in Arts Optical International Holdings Ltd (1120.HK) as shares are moving today on volatility 5.02% or 0.14 from the open. The HKSE listed company saw a recent bid of 2.93 and 20000 shares have traded hands in the session.

After a recent check, Arts Optical International Holdings Ltd’s  14-day RSI is currently at 47.18, the 7-day stands at 52.41, and the 3-day is sitting at 70.78.

Taking a deeper look into the technical levels of Arts Optical International Holdings Ltd (1120.HK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -30.43. 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.

Arts Optical International Holdings Ltd (1120.HK) currently has a 14-day Commodity Channel Index (CCI) of 30.47. 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. 

Currently, the 14-day ADX for Arts Optical International Holdings Ltd (1120.HK) is sitting at 20.07. 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. 

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