Yankee Analysts: “Baylin Technologies Inc (BYL.TO) has been a stock getting a bit more investor attention…”

Yankee Analysts: “Baylin Technologies Inc (BYL.TO) has been a stock getting a bit more investor attention…”

Baylin Technologies Inc (BYL.TO) has been a stock getting a bit more investor attention of late.  Here we will take at some of the stock technicals in order to get a grasp of the trends. Company shares have a 14-day ADX of 34.07. For traders looking to capitalize on trends, the ADX may be an essential technical tool. 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. 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.

 

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Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Baylin Technologies Inc (BYL.TO) is sitting at 58.09. CCI is an indicator used in technical analysis that was designed by Donald Lambert. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). Read more on Yankee Analysts>>

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