Watching the Tape Move for PowerShares S&P SmallCap High Div Low Vol Port (XSHD)

Shares of PowerShares S&P SmallCap High Div Low Vol Port (XSHD) have seen the needle move 0.85% or 0.20 in the most recent session. The NYSE listed company saw a recent bid of $23.64 on 5053 volume. 

A highly common way to study stocks is through fundamental analysis. Investors examining the fundamentals may be analyzing the underlying factors that can affect the performance of a particular company. When focusing in on a specific company, investors will look at company management, financial information, business prospects, and industry competition. The goal of digging into the numbers is often times a way to calculate the current value of a company and try to gauge the value into the future. Zooming in on the vital statistics of a company can help provide a glimpse of the company’s overall health. 

Taking a deeper look into the technical levels of PowerShares S&P SmallCap High Div Low Vol Port (XSHD), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -51.35. 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.

PowerShares S&P SmallCap High Div Low Vol Port (XSHD) currently has a 14-day Commodity Channel Index (CCI) of 43.51. 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, PowerShares S&P SmallCap High Div Low Vol Port’s  14-day RSI is currently at 44.75, the 7-day stands at 55.70, and the 3-day is sitting at 83.34.

Currently, the 14-day ADX for PowerShares S&P SmallCap High Div Low Vol Port (XSHD) is sitting at 19.56. 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.

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