Juggernaut Exploration Ltd (JUGR.V) sinks into the potential oversold territory

Juggernaut Exploration Ltd's stochastic momentum index (JUGR.V) plunged lower and exceeded the key level of -40, indicating a potential oversold territory. The SMI indicator was developed by William Blau and presented in the Technical Analysis Magazine of Stocks & Commodities in 1993, ten years after the invention of the original stochastic. The oscillator fluctuates between -100 and 100, and as such, the indicator can be easily used to identify overbought and oversold levels. Readings above +40 occur when the market is trading close to the peak of its recent price range. Readings below -40 occur when the market is trading at the low end of its recent price range.

Some investors will browse the markets in search of quality, cheap securities. These stocks can be attractive to investors looking for a good deal that could become a big winner. Investors can be cautious when they are looking for these types of securities. Often, a stock will rise considerably, then everyone will commit to the move to buy without checking the fundamentals. Sometimes this strategy can work, but in many cases the stock has already made its way and has become too expensive to add to the portfolio. Carrying out diligent research and constantly increasing the level of market formation in general can help the investor sort through all the stocks and find the names that are really worthy of being inserted.

Currently, Juggernaut Exploration Ltd (JUGR.V) has a 14-day freight channel index (CCI) of -104.76. The CCI technical indicator can be used to determine if a stock is overbought or over-sold. CCI can also be used to help uncover discrepancies that could potentially signal rollover motions. An ICC close to +100 can provide an overbought signal, and an ICC close to -100 can offer an oversold signal.

Looking for other technical indicators, the 14-day RSI is currently at 43.47, the 7-day at 38.04 and the 3-day delay at 19.91 for Juggernaut Exploration Ltd (JUGR.V) . The Relative Strength Index (RSI) is a very popular technical indicator. The RSI is calculated on the basis of the speed and direction of the movement of the prices of an action. The RSI is considered an indicator of internal strength, not to be confused with relative strength compared to other actions and indices. The RSI value will always be between 0 and 100. One of the most popular deadlines using RSI is the 14-day period.

Moving averages can be used as a powerful indicator for the technical badysis of stocks. Tracking multiple periods using moving averages can help investors determine where the stock has been and determine where to go. The simple moving average is a mathematical calculation that takes the average (average) price for a given duration. Currently, the 7-day moving average is 0.08.

Let's take a closer look at the middle directional index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may want to determine whether a stock is trending before using a specific trading strategy. The ADX is generally used with the plus direction indicator (+ DI) and the direction indicator minus (-DI) which indicate the direction of the trend. The 14-day ADX for Juggernaut Exploration Ltd (JUGR.V) is currently at 41.51. In general, an ADX value between 0 and 25 would represent a zero or low trend. A value of 25-50 would support a strong trend. A value of 50-75 would mean a very strong trend and a value of 75-100 would indicate an extremely strong trend.

Some investors will browse the markets in search of quality, cheap securities. These stocks can be attractive to investors looking for a good deal that could become a big winner. Investors can be cautious when they are looking for these types of securities. Often, a stock will rise considerably, then everyone will commit to the move to buy without checking the fundamentals. Sometimes this strategy can work, but in many cases the stock has already made its way and has become too expensive to add to the portfolio. Carrying out diligent research and constantly increasing the level of market formation in general can help the investor sort through all the stocks and find the names that are really worthy of being inserted.