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Looking at the Levels for Global Geoscience Ltd (GSC.AX) – Piedmont Register



     








Checking on current RSI levels on shares of Global Geoscience Ltd (GSC.AX), the 14-day RSI is currently standing at 59.29, the 7-day is at 57.7, and the 3-day is resting at 55.68. Relative Strength Index (RSI) is a frequently used technical analysis tool. RSI helps measure changes in price movement of a specific equity. RSI is a momentum oscillator that moves in a range from 0 to 100. RSI is generally used to interpret whether a stock is overbought or oversold. As a general rule, an RSI over 70 may indicate an overbought situation. On the other end of the spectrum, a reading under 30 may indicate an oversold situation. 

Global Geoscience Ltd (GSC.AX) currently has a 14-day Commodity Channel Index (CCI) of 47.04. 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. Shares of Global Geoscience Ltd (GSC.AX) have a 200-day moving average of 0.08. The 50-day is 0.11, and the 7-day is sitting at 0.15. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels. 

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help…

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