Geo Group Inc (GEO) are on trader’s watchlists today as the shares have moved below a key Mass Index level of 26.5. When Donald Dorsey developed the Mass Index indicator, his rationale was that if the prevailing trend were going to change, the price range would must widen. Dorsey looked for “reversal bulges” to signal a trend reversal. According to Dorsey, a bulge occurs when the Mass Index moves above 27. This initial bulge does not complete the signal though. Dorsey waited for this bulge to reverse with a move back below 26.50. Once the reversal bulge is complete, traders should use nonstandard analysis ways to think through the direction of the next move.
Investors are keeping a close eye on levels of Geo Group Inc (GEO). The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may aid think through the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside nonstandard indicators in order to aid discover proper trading entry/exit points. After a recent check, the 14-day ADX is 11.20. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.
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Geo Group Inc (GEO) at present has a 14-day Commodity Channel Index (CCI) of 49.77. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to remain 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 sought-after gadget for equity evaluation as well. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of equity 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 unveil general trends as well as finding divergences and failure swings. The 14-day RSI is at present at 50.53, the 7-day stands at 51.10, and the 3-day is sitting at 45.84.
Taking a peek at some Moving Averages, the 200-day is at 23.83, and the 50-day is 23.28. Dedicated investors may be studying to employ another gadget for doing technical stock analysis. The Williams Percent Range or Williams %R is a technical indicator that was designed to quantify overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the timeframe being observed. Geo Group Inc (GEO)’s Williams Percent Range or 14 day Williams %R at present is at -38.73. 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.