GREY:SSMLF - Post by User
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BaystreetBrianon Jul 31, 2017 8:50am
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Post# 26527825
TECHINCALS - Part 1
TECHINCALS - Part 1Shares of Nevada Energy Metals Inc (SSMLF) are heading in a near-term positive direction as the most recent close of the company has stayed above the Balance Step
We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for Nevada Energy Metals Inc (SSMLF) is 29.20. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend.
Tracking other technical indicators, the 14-day RSI is presently standing at 53.12, the 7-day sits at 59.54, and the 3-day is resting at 68.23 for Nevada Energy Metals Inc (SSMLF). The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum.