Trading Review: Technical Survey on Shares of Flaherty & Crumrine Dynamic (DFP)

Tracking moving averages is one of the most universally used techniques for performing technical stock analysis. Checking on some levels for Flaherty & Crumrine Dynamic (DFP), the 50-day Moving Average is currently 23.28, the 200-day Moving Average is 24.03, and the 7-day is standing at 23.68. Moving averages use a series of historical data combined with the current stock price for calculation. Traders may find value in combining multiple time periods using moving averages to help compare how the equity is faring on a long-term and short-term basis. Many investors may use MA’s as a way to develop support and resistance levels in order to spot specific trade entries and exits.

Some traders may find the Williams Percent Range or Williams %R as a useful technical indicator. Presently, Flaherty & Crumrine Dynamic (DFP)’s Williams Percent Range or 14 day Williams %R is resting at -17.31. 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.

When completing stock analysis, investors and traders may opt to review other technical levels. Flaherty & Crumrine Dynamic (DFP) currently has a 14-day Commodity Channel Index (CCI) of 90.28. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

The Average Directional Index or ADX is often considered to be an important tool for technical trading or investing. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Presently, the 14-day ADX for Flaherty & Crumrine Dynamic (DFP) is resting at 29.72. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

Traders may also be paying close attention to RSI levels on shares of Flaherty & Crumrine Dynamic (DFP). The current 14-day RSI is presently sitting at 64.07, the 7-day is 73.94, and the 3-day is62.77. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.

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