Citrix Systems Inc (CTXS) shares are steadily selling whereas the Chaikin Money Index has taken a dive below zero. If the prices tend to maintain the same consistency in the lower half of the daily on high volume then the indicator will show readings below zero and indicates a solid bear market developing. If the indicators remain below zero for a definite period of time, especially with the increasing indicator values, it will show a solid downtrend.
Chaikin Money Flow was created by Marc Chaikin as a technical analysis indicator to measure Money Flow Volume over a limited period of time. It attempts to assess the buying and selling pressures of a security for a period. CMF sums Money Flow Volume by the defined number of periods set by a user and segregates by the total volume for that defined number of periods. The result usually differs between 1 and -1. At the time of writing, the 14-day ADX for CTXS is 28.15. Most of the technical chart analysts have a belief that an ADX value over 25 suggests strong trend. A reading that shows below 20 would demonstrate no trend, and a reading from 20-25 implies that there is no clear trend signal.
Few investors might find the William percent Range as a useful technical indicator. Currently, CTSX’s 14 day Williams Percent Range is remaining at -40.68. Values can fluctuate from 0 to -100. A reading from -80 to -100 is identified as a strong oversold territory. A value from 0-20 indicates a strong overbought condition. William percent range when it is used with other technicals will help to define specific trends.