CCT Fortis Holdings Ltd (0138.HK), Rosedale Hotel Holdings Ltd (1189.HK) Shares Moving On Volume

Needle moving action has been spotted in CCT Fortis Holdings Ltd (0138.HK) as shares are moving today on volatility -1.82% or -0.02 from the open. The HKSE listed company saw a recent bid of 1.08 and 665500 shares have traded hands in the session.

After a recent check, CCT Fortis Holdings Ltd’s  14-day RSI is currently at 51.85, the 7-day stands at 52.06, and the 3-day is sitting at 46.11.

Taking a deeper look into the technical levels of CCT Fortis Holdings Ltd (0138.HK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -33.33. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

CCT Fortis Holdings Ltd (0138.HK) currently has a 14-day Commodity Channel Index (CCI) of 77.54. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. 

Currently, the 14-day ADX for CCT Fortis Holdings Ltd (0138.HK) is sitting at 11.44. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. 

Shares of Rosedale Hotel Holdings Ltd (1189.HK) are moving on volatility today -1.82% or $-0.01 from the open. The HKSE listed company saw a recent bid of $0.54 and 3550000 shares have traded hands in the session.

Deep diving into the technical levels for Rosedale Hotel Holdings Ltd (1189.HK), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of 87.93. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Rosedale Hotel Holdings Ltd’s Williams Percent Range or 14 day Williams %R currently sits at -30.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for Rosedale Hotel Holdings Ltd (1189.HK) is sitting at 32.46. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Rosedale Hotel Holdings Ltd (1189.HK) is currently at 62.18, the 7-day stands at 64.92, and the 3-day is sitting at 73.80.

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