Monday, January 25, 2010

Top ADRs to Buy and To Sell: Analysis of All 200+ ADRs That Trade in New York: Near Extreme Oversold/Overbought Conditions

We track all ADRs that trade in New York live as one of our newest TrackingLive sites. The following table shows the best performing since Jan 2009, ROI since then is in the last column, and also YTD 2010 shown (2nd last column):

The top ADRs of all is MTL Mechel Steel, with an ROI of 462%. In the tracking live site you can see the complete list, plus names and country. Here are the long term alerts on MTL for the last 5 years:

Above chart by the great alert tool by INO.


We computed the RSI values of all the ADRS, for three time frames, short term (daily), medium term (weekly), and long term (monthly).

The average RSIs - of all ADRs - are:

  • Daily: 34.59
  • Weekly: 49.06
  • Monthly: 58.76

Given the number of ADRs (246), these numbers are bordering on extreme, extreme low for the daily, and extreme high for the monthly. Please take a look at the following tables:

Short term


There are currently 107 ADRs that are oversold (that's 43.4%!)

(please click to enlarge)


There are only 7 ADRs that are overbought.



There are only 2 ADRs currently oversold (RSI lower than 30).


There are 60 ADRs currently overbought.

Note: You may receive technical analysis and alerts of these ADRs, sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool.

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