When we take a look at other technical indicators, the ( ) is at 51.0844. tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly neutral and has been moving upward.
The true strength index (TSI) is currently -21.1753. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down, however, it is begun to retreat from low levels indicating continued upward movement.
The positive indicator (VI) is at 1.0277 and recently cross above the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is relatively moving up.
The oscillator K value is 81.6336 and D value is 64.8317. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending upward with plenty of time before a potential reversal.
Considering the moving average crossover, , TSI, VI and levels, the overall direction appears to be heading up. Based on historical movement compared to current levels and the current position, the stock could gain another 4% over the next 15 trading days. The overall Macro trend is forming a with the apex around October of this year. It is highly likely DDD will break out of this before October and could be a significant move up or down.
-Elliott Wave Ideas (elliottwaveideas.com)