Indicator Review: Percentage Price Oscillator Histogram Below Zero for Century Petroleum (CYPE)

Focusing on shares of Century Petroleum (CYPE), we have noted that the Percentage Price Oscillator Histogram line is presently below zero. Traders may be taking note of this level as a possible sell signal.

Looking at the current landscape of the stock market, investors may be doing some bargain hunting for stocks to add to the portfolio. Many intelligent investors will welcome temporary market dips which may provide plenty of buying opportunities. Being prepared for these types of opportunities can aid the investor make quick decisions in the midst of a downturn. As we move closer to the close of the year, investors will be closely watching the next round of enterprise earnings reports. Even if the individual investor chooses to trade conservatively during earnings, they can still do the imperative home work and have stocks lined up to purchase when the time is right.

Traders may also be paying close attention to RSI levels on shares of Century Petroleum (CYPE). The current 14-day RSI is right now sitting at 42.63, the 7-day is 39.82, and the 3-day is 31.44. The RSI, or Relative Strength Index is a crowd-pleasing oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter stage of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to aid identify share price reversals.

Another technical indicator that might serve as a powerful gizmo for measuring trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1990’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 aid uncloak trend direction as well as trend strength. At the time of writing, the 14-day ADX for Century Petroleum (CYPE) is noted at 10.86. 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.

Interested traders may be keeping an eye on the Williams Percent Range or Williams %R. Williams %R is a crowd-pleasing technical indicator created by Larry Williams to aid identify overbought and oversold situations. Century Petroleum (CYPE)’s Williams Percent Range or 14 day Williams %R presently sits at -82.57. 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.

When completing stock analysis, investors and traders may opt to review nonstandard technical levels. Century Petroleum (CYPE) presently has a 14-day Commodity Channel Index (CCI) of -100.99. Investors and traders may use this indicator to aid uncloak price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with nonstandard indicators when evaluating a trade. The CCI may be used to uncloak if a stock is entering overbought (+100) and oversold (-100) territory.

Technical traders may be considering at recent indicator levels on shares of Century Petroleum (CYPE). After a recent check, the 50-day Moving Average is 0.01, the 200-day Moving Average is 0.05, and the 7-day is noted at 0.01. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can aid investors understand where the stock has been and aid understand where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

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