Taking a closer look at shares of The9 Ltd (NCTY), we have noted that the 14 day Stochastic RSI is showing signs of a bullish divergence. Traders may be watching these shares closely through the next couple of sessions to spot any potential breakout or reversal.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, The9 Ltd (NCTY)’s Williams Percent Range or 14 day Williams %R is resting at -52.63. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
Investors have the ability to use technical indicators when completing stock research. At the time of writing, The9 Ltd (NCTY) has a 14-day Commodity Channel Index (CCI) of 150.31. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions.
Traders are paying renewed attention to shares of The9 Ltd (NCTY). The current 14-day RSI is presently sitting at 67.77, the 7-day is 70.43, and the 3-day is 66.64. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.
At the time of writing, the 14-day ADX for The9 Ltd (NCTY) is 34.11. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading 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.
Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 0.95 and the 50-day is 0.73.