Tuesday, July 18, 2017 9:36:58 AM
Health Advance Inc (HADV) shares are being closely watched as the Rank Correlation Indicator has shown an upward 3 bar near-term trend, indicating that a reversal might be near. If the shares reach the +80 level, this would signify that the shares have entered overbought territory.
The indicator Spearman Rank Correlation Index’s (RCI) is a statistical oscillator based on the correlation model provided by the mathematician Charles Spearman. The indicator shows statistical relations between date and price as a correlation without the relationship between the two variables is of affine type. The idea is to find correlation between the ranks of values instead of the values themselves.
Source: https://stockpressdaily.com/technicals-placed-under-review-for-shares-of-health-advance-inc-hadv/
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