India Globalization Capital Inc (IGC) Awesome Oscillator Building Momentum

India Globalization Capital Inc (IGC) market momentum is building as the Awesome Oscillator (AO) is showing a down-trend in the name over the past 5 bars.  Awesome Oscillator shows the difference in between the 5 SMA and 34 SMA. If to be precise, 5 SMA of midpoints is subtracted from 34 SMA of midpoints which allows to see the market momentum.  Awesome Oscillator buy signals are created when the indicator crosses from below 0 to above 0, and sell signals when reversed. The oscillator changes from green (upward movement) to red (downward movement) and back to green again.  The oscillator was developed by Bill Williams and outlined in his book titled “New Trading Dimensions”. 

For the novice investor, the stock market can sometimes be a scary place. Many investors may be ready to jump into the ring, but they might not have the proper training. Finding a stock market strategy that puts the investor on the winning side is not an easy task. There is a plentiful amount of information regarding the equity market. Knowing what information to focus on can be the key to sustained success. Investors who are able to sift through the noise and stick to a sturdy stock picking plan, may be in a much better position when tough portfolio decisions need to be made. Many investors will instinctually want to jump in to a stock that has taken off running. Sometimes this may work out positively, but it can also lead to significant losses and second guessing. If all the proper research is completed, investors may feel more at ease with their selections going forward. Of course there will be times when the research does not turn into expected profits, but knowing how to let go of those stocks may help the investor in the long run.  

Another popular indicator among technical analysts that can help to measure the strength of market momentum is the Average Directional Index or ADX. The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line. At the time of writing, the 14-day ADX for India Globalization Capital Inc (IGC) is standing at 12.63. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

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India Globalization Capital Inc (IGC)’s Williams Percent Range or 14 day Williams %R is sitting at -54.08. Typically, if the value heads above -20, the stock may be considered to be overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The RSI, or Relative Strength Index, is a commonly 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, the 14-day RSI is currently at 42.99, the 7-day stands at 47.90, and the 3-day is sitting at 62.23.

Taking a look at another technical level, India Globalization Capital Inc (IGC) presently has a 14-day Commodity Channel Index (CCI) of -80.97. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. 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 1.44 and the 50-day is 2.46.

There are various factors to examine when looking at what spurs growth in the stock market. Many investors will monitor macro-economic factors that influence the price of shares. Some of these factors include the overall condition of the economy and market sentiment. Following the macro factors, investors may employ a top down approach when viewing the equity markets. This may include starting with a sector poised for growth and filtering down to specific stock that meet the investor’s criteria. Another way to approach the stock market is to view the micro-economic factors that influence stocks. This may include studying company profits, news, and the competence of overall management. Investors will often try to piece together all the different information available in order to select stocks that will have a positive impact on the long-term strength of the portfolio.