Ready for a Breakout? Stock Update on Targeted Microwave Solutions Inc. (TMS.V) – Benton Bulletin

Here we will take a look at the ADX reading on shares of Targeted Microwave Solutions Inc. (TMS.V). Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line.

At the time of writing, the 14-day ADX for Targeted Microwave Solutions Inc. (TMS.V) is standing at 22.51. Many chart analysts believe that an ADX reading above twenty fivewould suggest a strong trend.

Looking further at additionaltechnical indicators we can see that the 14-day Commodity Channel Index (CCI) for Targeted Microwave Solutions Inc. (TMS.V) is sitting at -14.01. CCI is an indicator used in technical analysis that was designed by Donald Lambert. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold).

Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. Shares of Targeted Microwave Solutions Inc. (TMS.V)have a 7-day moving average of0.19. Taking a glance at the relative strength indictor, we note that the14-day RSI is currently at 47.61, the 7-day stands at 56.47, and the 3-day is sitting at 76.93.

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.

By Benton Contributor

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Ready for a Breakout? Stock Update on Targeted Microwave Solutions Inc. (TMS.V) - Benton Bulletin