Trading Monitor: PPOH Line Above Zero for iShares Dow Jones Transportation Average Index Fund (IYT)

The Percentage Price Oscillator Histogram trend indicator is presently higher than zero on shares of iShares Dow Jones Transportation Average Index Fund (IYT). Active traders may be carefully watching the indicator to see if the position is pointing to the stock as a buy.

Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. Currently, iShares Dow Jones Transportation Average Index Fund (IYT) has a 14-day ATR of 2.01. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

The Williams Percent Range or Williams %R is another technical indicator worth checking out. iShares Dow Jones Transportation Average Index Fund (IYT) currently has a 14 day Williams %R of -21.04. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.

Technical traders may be looking at recent indicator levels on shares of iShares Dow Jones Transportation Average Index Fund (IYT). After a recent check, the 50-day Moving Average is 168.43, the 200-day Moving Average is 166.81, and the 7-day is noted at 171.07. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

Presently, iShares Dow Jones Transportation Average Index Fund (IYT) has a 14-day Commodity Channel Index (CCI) of 77.41. 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.

We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for iShares Dow Jones Transportation Average Index Fund (IYT) is 13.52. 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.

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