1. Most Discussed
  2. Gainers & Losers
FAR 7.5¢

Unusual Activity Spotted in FAR Ltd (FAR.AX)

  1. For Those Technically Inclined.......


    Unusual Activity Spotted in FAR Ltd (FAR.AX)

    May 18, 2017 William Abels

    See link at: https://tuckermantimes.com/unusual-activity-spotted-in-far-ltd-far-ax/181639/

    Needle moving action has been spotted in FAR Ltd (FAR.AX) as shares are moving today on volatility 3.75% or 0.003 from the open. The ASX listed company saw a recent bid of 0.083 and 9630000 shares have traded hands in the session.

    Taking a deeper look into the technical levels of FAR Ltd (FAR.AX), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -70.00. 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.

    FAR Ltd (FAR.AX) currently has a 14-day Commodity Channel Index (CCI) of 441.36. 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, FAR Ltd’s 14-day RSI is currently at 54.45, the 7-day stands at 60.04, and the 3-day is sitting at 72.53.

    Currently, the 14-day ADX for FAR Ltd (FAR.AX) is sitting at 46.75. 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.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top