Solarwinds Corporation (SWI) 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 need to 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 approaches to figure out the direction of the next move.
Investors and traders continue to monitor technical levels of shares of Solarwinds Corporation (SWI). A Often times used resource among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain timeframe of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader think through proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 44.13, and the 50-day is 30.86.
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The 14-day ADX for Solarwinds Corporation (SWI) is at present at 63.56. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Checking in on some nonstandard technical levels, the 14-day RSI is at present at 29.46, the 7-day stands at 59.95, and the 3-day is sitting at 75.97. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of share 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 uncover general trends as well as finding divergences and failure swings.
At the time of writing, Solarwinds Corporation (SWI) has a 14-day Commodity Channel Index (CCI) of 117.40. Developed by Donald Lambert, the CCI is a versatile resource that may be used to assist detect an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time timeframe. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Investors may be watching nonstandard technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps calculate oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time timeframe. A common look back timeframe is 14 days. Solarwinds Corporation (SWI)’s Williams %R at present stands at -14.64. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.