Traders will be closely monitoring shares of K.P. Energy Ltd (KPEL.BO) as the Twiggs Money Flow indicator has touched above the zero line, indicating positive momentum for the name.
When Twiggs Money Flow Index moves above 0, players are accumulating and thus prices are subject to climb higher. When Twiggs Money Flow Index is below 0, players are distributing and prices are more subject to move lower. Divergences of Twiggs Money Flow Index indicator with prices give also solid signals. The signal was created by Colin Twiggs in an effort to improve upon the more well-known Chaikin Money Flow indicator.
Tracking other technical indicators, the 14-day RSI is presently standing at 43.04, the 7-day sits at 43.25, and the 3-day is resting at 37.68. The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.
For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 235.94, the 50-day is 273.74, and the 7-day is resting at 250.76. 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.
When undertaking stock analysis, investors and traders may choose to view multiple technical levels. K.P. Energy Ltd (KPEL.BO) currently has a 14-day Commodity Channel Index (CCI) of -75.15. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.
We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for K.P. Energy Ltd (KPEL.BO) is 13.37. 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.
Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. K.P. Energy Ltd (KPEL.BO)’s Williams Percent Range or 14 day Williams %R currently sits at -35.79. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.