Green Star Products Inc (GSPI)

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GSPI: NOTED AT 30.91, OVER 25 SUGGEST STRONG TREND







WHAT’S BEHIND GREEN STAR PRODUCTS INC MOVEMENT







SEPTEMBER 28, 2017 JCTY STAFF WRITER


INVESTORS ARE PAYING CLOSE ATTENTION TO SHARES OF GREEN STAR PRODUCTS INC (GSPI).


MANY TECHNICAL ANALYSTS BELIEVE THAT AN ADX VALUE OVER 25 WOULD SUGGEST A STRONG TREND.

AT THE TIME OF WRITING, THE 14-DAY ADX FOR GREEN STAR PRODUCTS INC (GSPI) IS NOTED AT 30.91.





What’s Behind Green Star Products Inc (GSPI)’s Movement

SEPTEMBER 28, 2017 JCTY STAFF WRITER

Needle moving action has been spotted in Green Star Products Inc (GSPI) as shares are moving today on volatility -99.99% or -25.554 from the open. The OTC listed company saw a recent bid of 0.0014 and 90000 shares have traded hands in the session.

One of the biggest mistakes that can plague the individual investor is not setting up an overall investment plan. Investors may want to start out be setting up an outline of overall goals. Having goals can eventually make the day to day investing decisions at little bit easier over time. Once a plan is in place, investors can then spend more time focusing on the proper stocks to add to the portfolio. Dedicating time for extensive stock research may not be easy, but it may put the investor in a better position. Some investors will go to greater lengths, such as making sure that they have a good reason behind every buy or sell decision. This process may seem unnecessary to some, but it may help the investor stay focused when the market gets choppy and tough decisions need to be made.

Digging deeping into the Green Star Products Inc (GSPI) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -100.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

INVESTORS ARE PAYING CLOSE ATTENTION TO SHARES OF GREEN STAR PRODUCTS INC (GSPI). A popular tool among technical stock analysts is the moving average. 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. Currently, the 200-day MA is sitting at 0.51, and the 50-day is 2.05.

Green Star Products Inc (GSPI) currently has a 14-day Commodity Channel Index (CCI) of -46.67. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for Green Star Products Inc is currently at 46.30, the 7-day stands at 42.36, and the 3-day is sitting at 30.77.
Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength.

AT THE TIME OF WRITING, THE 14-DAY ADX FOR GREEN STAR PRODUCTS INC (GSPI) IS NOTED AT 30.91. MANY TECHNICAL ANALYSTS BELIEVE THAT AN ADX VALUE OVER 25 WOULD SUGGEST A STRONG TREND.

A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.
Looking at the current landscape of the equity market, investors may be doing some bargain hunting for stocks to add to the portfolio. Many sharp investors will welcome temporary market dips which may provide plenty of buying opportunities. Being prepared for these types of opportunities can help the investor make quick decisions in the midst of a downturn. As we move closer to the close of the year, investors will be closely watching the next round of company earnings reports. Even if the individual investor chooses to trade conservatively during earnings, they can still do the necessary research and have stocks lined up to purchase when the time is right.

Source:

https://jctynews.com/whats-behind-green-star-products-inc-gspis-movement/243959/