Sunpower Group Ltd. (5GD.SI) shares have continued their upward march, moving 68.18% higher over the past quarter. The stock has clocked in a change of -3.48% most recently for the past week. In taking a look at recent performance, we can see that shares have moved -1.77% over the past 4-weeks, -0.89% over the past half year and 13.27% over the past full year.
Successful traders and investors often learn how to develop disciplined strategies. Trading strategies can range from very simple to highly complex. Whatever the strategy choice, investors who stay the course may have a better chance of coming out a winner in the stock market. Traders may try to avoid getting trapped into a sour situation. Being able to stomach some losses along the way may not be easy, but it may help sustain profits in the long run. Making the best possible decision is typically what many investors attempt to accomplish. Often times, it may take some bad trades to get to the good ones. Combining the study of company fundamentals with technical stock charts may lead to increased overall knowledge about a particular name. Technical analysts will often be following price action tick by tick with the hopes of capitalizing on a defined trend.
A popular 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. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, Sunpower Group Ltd. (5GD.SI) has a 200-day MA of 0.49, and a 50-day of 0.53. Presently, the stock has a 14-day RSI of 48.10, the 7-day is sitting at 33.46, and the 3-day is resting at 14.79. The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.
Sunpower Group Ltd. (5GD.SI)’s Williams Percent Range or 14 day Williams %R presently is at -100.00. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold. We can also take a look at the Average Directional Index or ADX of the stock. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 36.41. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.
Sunpower Group Ltd. (5GD.SI) has a 14-day Commodity Channel Index (CCI) of -161.15. The CCI technical indicator can be used to help figure out if a stock is overbought or oversold. CCI may also be used to assist with the discovery of 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.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Sunpower Group Ltd. (5GD.SI)’s Williams Percent Range or 14 day Williams %R is resting at -100.00. 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 may be trying to figure out which chart patterns or technical indicators to use. This may take some time to figure out which strategy works for each individual. Back testing specific indicators can be a good way to personally evaluate a particular method. Many investors will opt to follow trading strategies of the professionals. This may work well for some but not others. Figuring out what works and what doesn’t should help the investor make better future decisions. Some investors will choose to go against the grain and develop a contrarian approach. Pulling out substantial profits in the markets may seem like a daunting task. Playing things safe may be the choice for one investor but not the next. Many people will choose to adhere to the old saying of nothing ventured nothing gained. This of course may vary from investor to investor depending on the amount of capital available.