Imagination Technologies Group PLC (IMG.L) Shares Needle Moving -0.93%

Shares of Imagination Technologies Group PLC (IMG.L) have seen the needle move -0.93% or -1.25 in the most recent session. The LSE listed company saw a recent bid of $133.25 on 495214 volume. 

Moving into the second half of the year, investors may be scrutinizing their stock portfolios to see what has gone right and what has gone wrong in the first half. Maybe the first half of the year didn’t provide the returns that were anticipated. Maybe returns exceeded expectations. Whatever the case, investors will most likely be looking to either turn the ship around or keep charging forward. Occasionally, new investors will have some bad initial stock market experiences and accumulate losses right out of the gate. This can sometimes prevent them from staying in the market. Although stock picking might seem easy to those that have been in the mix for a long time, it may seem extremely difficult for the novice. Staying disciplined and focused can be a big asset to individual investors. 

Deep diving into the technical levels for Imagination Technologies Group PLC (IMG.L), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of -178.79. 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.

Imagination Technologies Group PLC’s Williams Percent Range or 14 day Williams %R currently sits at -96.12. 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.

Currently, the 14-day ADX for Imagination Technologies Group PLC (IMG.L) is sitting at 32.48. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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 RSIfor Imagination Technologies Group PLC (IMG.L) is currently at 44.85, the 7-day stands at 31.68, and the 3-day is sitting at 6.66.