We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. Currently, the 14-day ADX for Ishares Canadian Govt Bond Index ETF (XGB.TO) is 28.39. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend.
Ishares Canadian Govt Bond Index ETF (XGB.TO)'s Williams Percent Range or 14 day Williams %R presently is at -82.86. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend.
Moving averages can help spot trends and price reversals. In general, if the indicator goes above -20, the stock may be considered overbought. The moving average is a popular tool among technical stock analysts. They may also be used to help the trader figure out proper support and resistance levels for the stock. Alternately, if the indicator goes below -80, this may point to the stock being oversold. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. 703,292 shares of the company traded hands, compared to its average volume of 641,222. iShares Barclays Short Treasury Bond Fnd has a twelve month low of $110.18 and a twelve month high of $110.41.