Stock Watch: Tracking the Technicals for Merchants National Properties Inc (MNPP)

After a recent check, we have noted that the KAMA has been trending higher over the prior five trading periods for Merchants National Properties Inc (MNPP). Traders keeping an eye on the signal might be watching for a possible positive shift in near-term momentum.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 50.38, the 7-day is 49.87, and the 3-day is resting at 44.75.

For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 1909.33, the 50-day is 1899.76, and the 7-day is resting at 1914.14. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Merchants National Properties Inc (MNPP)’s Williams Percent Range or 14 day Williams %R is resting at -37.14. 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.

Taking a look at another technical level, Merchants National Properties Inc (MNPP) presently has a 14-day Commodity Channel Index (CCI) of 4.83. 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.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Merchants National Properties Inc (MNPP) is noted at 31.22. Many technical 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.

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