Bear Vs. Bull: Which Way is the Balance of Power Shifting for Msg Networks Inc (MSGN)?

Msg Networks Inc (MSGN) has traders on alert as the Balance of Power signal has continued a strong downward trend over multiple trading sessions.  

The BOP oscillates around zero center line in the range from -1 to +1. Positive BOP reading is an indication of buyers’ dominance and negative BOP reading is a sign of the stronger selling pressure. When BOP is equal zero it indicates that buyers and sellers are equally strong.  The resulting raw BOP values can be optionally smoothed using any moving average type and drawn as a line or histogram.

When completing stock analysis, investors and traders may opt to review other technical levels. Msg Networks Inc (MSGN) currently has a 14-day Commodity Channel Index (CCI) of -62.84. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. The Average Directional Index or ADX is often considered to be an important tool for technical trading or investing. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Presently, the 14-day ADX is resting at 42.82.

Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

Taking a peek at some moving average levels on shares of Msg Networks Inc (MSGN), the 200-day is at 21.3, the 50-day is 22.61, and the 7-day is sitting at 19. Moving averages can help identify trends and price reversals. They may also be used to help spot support and resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

Traders may also be paying close attention to RSI levels on shares of Msg Networks Inc (MSGN). The current 14-day RSI is presently sitting at 30.74, the 7-day is 31.68, and the 3-day is 52.39. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.