The Index Rieki

Mukul Pal ·
 

Index Rieki depicts the performance cyclicality of an Index. Just like a stock outperforms and underperforms, so does an index witness seasonality in performance. The difference between an Index Rieki and stock Rieki is that an Index is an average of stock prices and hence is less volatile than the stock. This is the reason an Index Rieki will rarely go to extreme ranking like (best or worst).
Rieki works like an oscillator. A falling oscillator is negative suggesting underperformance and vice versa. Rieki oscillators can be studied like conventional momentum indicators. We can look for non confirmations, head and shoulder patterns, supports and resistance.
The latest Alpha carries the anticipated and happened cases on Hungarian BUX and Stoxx Euro 50 (Ticks. Global). Now ATX and Czech PX are ready to reverse. Dollar Index is running positive both on LOSO and Rieki. CEERIUS Index is already negative and with a topping Rieki suggests further negative confirmation. We don’t have an encouraging picture on most equity indices including the local Romanian indices. BETNG has a topping Rieki and negative LOSO. We continue to look at negativity underperformance for the respective index.
The Alpha 54 coverage includes the following equity and commodity Indices. Hungarian BUX, Dow Jones Industrials, Bulgarian REITs, Stoxx Euro 50, Polish WIG, Austrian ATX, Czech PX, Gold and Silver Index, Dollar Index, Natural Gas Index and Brent Crude.
The latest Alpha carries the anticipated and happened cases on Hungarian BUX and Stoxx Euro 50 (Ticks. Global). Now ATX and Czech PX are ready to reverse. Dollar Index is running positive both on LOSO and Rieki. CEERIUS Index is already negative and with a topping Rieki suggests further negative confirmation. We don’t have an encouraging picture on most equity indices including the local Romanian indices. BETNG has a topping Rieki and negative LOSO. We continue to look at negativity underperformance for the respective index.
The Alpha Romania 54 coverage includes the following equity and commodity Indices. Hungarian BUX, Dow Jones Industrials, Bulgarian REITs, Stoxx Euro 50, Polish WIG, Austrian ATX, Czech PX, Gold and Silver Index, Dollar Index, Natural Gas Index and Brent Crude.