BHG Retail REIT (BMGU.SI)’s Aroon Down level has reached above the key level of 70, indicating a strong downward trend for the security.
The Aroon indicator was developed by Tushar Chande in 1995. Aroon is used to measure the presence and strength of trends. Aroon can be drawn either as two lines, the Aroon Up and Aroon Down. The Aroon Up and Aroon Down lines oscillate between 0 and 100.
Aroon Up for a given time period is calculated by determining how much time (on a percentage basis) elapsed between the start of the time period and the point at which the highest closing price during that time period occurred. Aroon Up will be 100 when the instrument is setting new highs for the period. Conversely, Aroon Up will be 0 if the instrument has continually dropped throughout the period. Aroon Down is calculated in a similar manner, expect looking for lows as opposed to highs.
Shifting focus to some additional indicators, BHG Retail REIT (BMGU.SI) currently has a 14 day Williams %R of -16.67. In general, if the level goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may signal that the stock is oversold. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the period being observed.
We can also take a look at the Average Directional Index or ADX of BHG Retail REIT (BMGU.SI). The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 17.63. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. At the time of writing, BHG Retail REIT (BMGU.SI) has a 14-day Commodity Channel Index (CCI) of -20.63. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot 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 period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.
A commonly used tool 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 period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA for BHG Retail REIT (BMGU.SI) is sitting at 0.68. 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. The 14-day RSI is presently standing at 52.80, the 7-day is 55.28, and the 3-day is resting at 68.85.