VanEck Vectors Global Alternative Energy ETF (GEX) has watched the Triple Exponential Moving Average (TEMA) of it’s share price trend higher over the past 5 session. This is a potential signal that strength is building for the upward trend. TEMA is a unique combination of a single exponential moving average, a double exponential moving average, and a triple exponential moving average that provides less lag than any of those three individually. It can be used instead of traditional moving averages for smoothing price data or other indicators. TEMA can also be used as a momentum indicator. Consistent negative value suggests momentum is decreasing while a positive trend suggests increasing momentum.
Traders may be interested in additional technical levels on shares of VanEck Vectors Global Alternative Energy ETF (GEX). After a recent check, the Williams %R was spotted at -29.22. Levels can range from 0 to -100. A number charting 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.
VanEck Vectors Global Alternative Energy ETF (GEX) presently has a 14-day Commodity Channel Index (CCI) of 23.21. 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 56.70, the 7-day rests at 51.39, and the 3-day is presently at 25.52.
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…