Dreyfus Municipal Bond Infrastr (DMB) Closes The Most Recent Session Above The PSAR

Dreyfus Municipal Bond Infrastr (DMB) will be on trader’s radar at the beginning of the upcoming session as the closing price ticked above the Parabolic SAR indicator (PSAR). The PSAR, Developed by Welles Wilder, is designed to determine the point in time when there emerges a better than average probability of a trend switching directions.  This is a common tool used by traders and investors to try to gauge potential reversal of a trend.

 The parabolic SAR is shown on the charts as a series of small ‘dots’ that are placed either above or below the price. When the price is trending to the upside, the dots are below the price action and when the price is trending to the downside, the dots are above the price action.  The basic use of the Parabolic SAR is to buy when the dots move below the price bars (signaling an uptrend) and sell/short-sell when the dots move above the price bars (signaling a downtrend).

When looking at technical analysis, one of the leading concepts is that of the trend. Chartists are constantly looking to identify trends to help determine which way a stock price is moving. Trends may not always be easy to spot, but they can be highly useful when identified. When looking at the stock market, an example of an upward trend is generally classified as a stock price that over time keeps reaching higher highs and higher lows. On the flip side, a downward trend is usually identified by spotting a stock that has been hitting lower lows and lower highs. Defining trends may take the novice trader some time to figure out, but learning how to properly study charts may help bring in steady profits in the future. 

Currently, Dreyfus Municipal Bond Infrastr (DMB)’s Williams Percent Range or 14 day Williams %R is resting at -36.21. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Dreyfus Municipal Bond Infrastr (DMB) presently has a 14-day Commodity Channel Index (CCI) of 149.10. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Checking on another technical indicator, the 14-day RSI is currently sitting at 61.07, the 7-day rests at 60.80, and the 3-day is presently at 56.06 for Dreyfus Municipal Bond Infrastr (DMB).

The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Moving average indicators are commonly tracked by technical stock analysts. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 12.37, and the 50-day is 12.08. The 14-day ADX for Dreyfus Municipal Bond Infrastr (DMB) is standing at 33.73. 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.

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