Trading Focus: Percentage Price Oscillator Higher Than the Signal Line for Advisorshares Pure Cannabis ETF (YOLO)

Following shares of Advisorshares Pure Cannabis ETF (YOLO), we have noted that the Percentage Price Oscillator is currently higher than the signal line. Traders watching this indicator will be looking for signs of bullish momentum.

Technical investors generally rely heavily on price charts to help spot potential trades. Chartists will often try to interpret past movements with the goal of trying to gauge the future share price movements. Some charts can be extremely complex while others may be quite simple. Many traders will spend countless hours studying the signals to try to spot optimal entry and exit points. There are many different indicators that technical analysts can follow. Some traders will use standalone signals, and others will use a robust combination. Getting into the nitty-gritty of charting can be overwhelming for the beginner. Taking the time to completely understand what the charts are saying can be the difference between a big win and a major loss.

Moving averages can help spot trends and price reversals. They may also be used to help find support or 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. Shares of Advisorshares Pure Cannabis ETF (YOLO) have a 7-day moving average of 20.27.

We can also take a look at the Average Directional Index or ADX of Advisorshares Pure Cannabis ETF (YOLO). The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with

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