Span A Line Ducks Below Span B For Filo Mining Corp (FIL.V)

Currently, traders are closely monitoring shares of Filo Mining Corp (FIL.V). Recently, we have spotted Span A below Span B. If this position sticks, traders might be looking for a bearish move lower.

Investors have a few distinct options when approaching the stock market. One option is to follow the crowd and trade with the consensus. Another way is to go against the herd and adopt a contrarian strategy. When it comes down to it, the investor will typically have to make this decision with their best interests in mind. In general, no investor wants to miss out on a winning stock. Far too often, investors will be overcome with the fear of missing out and get into a stock way too late. Just because a stock has been over performing and seeing large gains does not mean that those gains are going to continue into the future. Investors may be too quick to get into a hot stock without putting in the proper time and energy to research whether or not it is still a good stock at current trading levels. Investors who take the time to do their homework for every trade may find themselves a step ahead of the crowd in the long run.

When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. The current 14-day ATR for Filo Mining Corp (FIL.V) is currently sitting at 0.08. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Filo Mining Corp (FIL.V)’s Williams Percent Range or 14 day Williams %R is resting at -58.33. 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.

Taking a peek at some Moving Averages, the 200-day is at 2.39, the 50-day is 2.78, and the 7-day is sitting at 2.74. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

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Traders may be leaning on technical stock analysis to help with investing decisions. Filo Mining Corp (FIL.V) currently has a 14-day Commodity Channel Index (CCI) of 25.00. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

Taking a look at other technical levels, the 3-day RSI stands at 77.05, the 7-day sits at 58.60 and the 14-day (most common) is at 53.90. 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. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.

Beginner traders have the tendency to make many mistakes when starting out. Although this comes with the territory, continually making the same mistakes will most likely put the trader on the sidelines very quickly. Learning from previous mistakes is what helps transform a mediocre trader into a good one. Successful traders are highly adept at creating detailed plans, managing risk, and reviewing previous trading records. Scooping up profits from the stock market is no easy task. Even with the best intentions and preparation, things may not work out as planned. Taking a look at the market from various angles may help the trader see the bigger picture. Market environments are constantly changing, and traders need to be ready for these changes and adapt accordingly in order to be successful over the long-term.