Pincon Spirit Limited (PINCON.NS) shares are moving today on volatility 1.93% or $1.35 from the open. The NSE listed company saw a recent bid of $71.25 and 239387 shares have traded hands in the session.
Deep diving into the technical levels for Pincon Spirit Limited (PINCON.NS), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of 28.05. 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.
Pincon Spirit Limited’s Williams Percent Range or 14 day Williams %R currently sits at -51.60. 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.
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