Here we will take a look at the ADX reading on shares of NuStar Energy LP (NS). Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.
The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line.
At the time of writing, the 14-day ADX is standing at 32.14. Many chart analysts believe that an ADX reading above twenty five would suggest a strong trend.
Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for NuStar Energy LP (NS) is sitting at -252.09. CCI is an indicator used in technical analysis that was designed by Donald Lambert. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold).
Moving Averages – Price Reversal Indicators
Shares of NuStar Energy LP (NS) have a 7-day moving average of 44.84. Taking a look at the relative strength indictor, we note that the 14-day RSI is currently at 31.54, the 7-day stands at 24.78, and the 3-day is sitting at 13.11.
What Are These Used For?
- Spot Trends
- Identify Price Reversals
- Locate support or resistance levels
A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.
Taking a glance at the relative strength indictor, we note that the 14-day RSI is currently at 31.54, the 7-day stands at 24.78, and the 3-day is sitting at 13.11. 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.
RSI Key Metrics
- Below 30 = Oversold Range
- Above 70 = Overbought Range
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