Tak Sing Alliance Holdings Ltd (0126.HK) shares are showing negative signals short-term as the stock has finished lower by -2.25 % for the quarter. In taking a look at recent performance, we can see that shares have moved -4.40% over the past 4-weeks, -3.33% over the past half year and -19.44% over the past full year. Weekly performance for Tak Sing Alliance Holdings Ltd stands at 1.16.
Investors may be looking at all the different factors that come into play when searching for those next stocks to add to the portfolio. Maybe there are some names that have been on the radar, but the timing hasn’t been right to add them into the mix. As we get closer to the end of the year, investors may be looking back at individual stock performance over the past year. They may discover some great opportunities that weren’t available during the last review. Investors may also be keeping an eye on which sectors were the big winners during the latest earnings season. Branching out into new areas may help give the investor some alternative ideas for the next few quarters.
Traders may be focusing on other technical indicators for stock assessment. Presently, Tak Sing Alliance Holdings Ltd (0126.HK) has a 14-day Commodity Channel Index (CCI) of -21.04. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. Investors may be watching other technical indicators such as 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. Tak Sing Alliance Holdings Ltd (0126.HK)’s Williams %R presently stands at -60.00. 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.
Currently, the 14-day ADX for Tak Sing Alliance Holdings Ltd (0126.HK) is sitting at 45.58. 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.
A widely used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for spotting peaks and troughs. They may also be used to help the trader figure out reliable support and resistance levels for the stock. Currently, the 200-day MA is sitting at 0.95.
Investors have taken notice of Tak Sing Alliance Holdings Ltd (0126.HK) shares. They may be keeping a close watch on certain stock levels. A popular indicator among technical analysts that can help to measure the strength of market momentum is the Average Directional Index or ADX.
At the time of writing, the 14-day ADX for Tak Sing Alliance Holdings Ltd (0126.HK) is standing at 45.58. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal while one greater than 25 would indicate a strong trend.
Relative Strength Spotlight
When looking at technical levels, traders should not overlook the RSI reading as it often can dictate if momentum has pushed past a key metric. 38.88, the 7-day stands at 39.67, and the 3-day is sitting at 54.53.
The Relative Strength Index (RSI) 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.
It can be very difficult to keep emotions on the sidelines when making important investing decisions. Even if all the number crunching is done unemotionally, there may be a tendency for those feelings of excitement or dread to creep in. Once the trade is made, it can be super difficult to make sane decisions when markets go haywire. Investors may have made some trades that didn’t pan out as planned, and they may have the itch to sell quickly in order to stop further losses. Selling a stock just because it is going down or buying a stock just because it is going up, might lead to portfolio struggles in the future. Obtaining a grasp on the bigger picture may help investors see through the cloudiness and make clearer decisions when the time comes.