Mon­go­lia Growth Group shares hike 40% for the quar­ter

The UB Post - - Business & Economics -

Share price of Mon­go­lia Growth Group Ltd hasjumped 40 per­cent over the course of the past quar­ter, re­veal­ing pos­i­tive di­rec­tional mo­men­tum for the stock.

Re­cent stock per­for­mance shows that shares have un­changed over the past week, de­pre­ci­ated by 10.26 per­cent over the past four-weeks, and went up 66.67 per­cent over the last six months and 16.67 per­cent in the past year.

Cur­rently, Mon­go­lia Growth Group has a 200-day mov­ing av­er­age (MA) of 0.28, and a 50-day MA of 0.36. Presently, the stock has a 14-day Rel­a­tive Strength In­dex (RSI) of 45.81, the seven-day is sit­ting at 40.51, and the three-day is rest­ing at 28.15.

RSI is one of mul­ti­ple pop­u­lar tech­ni­cal in­di­ca­tors cre­ated by J. Welles Wilder in 1978. RSI mea­sures the mag­ni­tude and ve­loc­ity of di­rec­tional price move­ments. The data is rep­re­sented graph­i­cally by fluc­tu­at­ing be­tween a value of 0 and 100. The in­di­ca­tor is com­puted by us­ing the av­er­age losses and gains of a stock over a cer­tain time pe­riod. RSI can be used to help spot over­bought or over­sold con­di­tions. An RSI read­ing over 70 would be con­sid­ered over­bought, and a read­ing un­der 30 would in­di­cate over­sold con­di­tions. A level of 50 would in­di­cate neu­tral mar­ket mo­men­tum.

Mon­go­lia Growth Group’s Wil­liams Per­cent Range is at -86.67. In gen­eral, if the read­ing goes above -20, the stock may be con­sid­ered to be over­bought. Al­ter­nately, if the in­di­ca­tor goes un­der -80, this may show the stock as be­ing over­sold.

As for the Av­er­age Di­rec­tional In­dex or ADX of the stock, which is an es­sen­tial tech­ni­cal tool for traders look­ing to cap­i­tal­ize on trends, the com­pany’s 14-day ADX cur­rently stands at 15.85. In gen­eral, an ADX value from 0-25 would rep­re­sent an ab­sent or weak trend.

Mon­go­lia Growth Group has a 14day Com­mod­ity Chan­nel In­dex (CCI) of -59.26,in­di­cat­ing an over­sold sig­nal.

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