Mongolia Growth Group shares hike 40% for the quarter

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.