Tag Archives: Update

Death Stats 2017: Celebrities Update #2

Amid a lot of worrisome news this year, here’s some good.

With Glen Campbell’s recent death, we’re adding another name to the list of major celebrities who have died in 2017.

It’s a list that’s nowhere near as long as I expected it to be.

When I wrapped up my year-long project of tracking the large number of celebrity deaths in 2016, I concluded that we were seeing the beginning of an upward trend – that celebrities would continue dying in greater numbers than they had in the recent past.

The root of the theory goes back to the Baby Boomers and the way they clamored for celebrities as they came of age in the 1960s. More celebrities were created by the Boomers than by any previous generation, and we paid more attention to them than we had before technological advances put them in the forefronts of our lives. So now, as those Boomers age, we’re beginning to see the early deaths of the leading outliers from that generation, perhaps a decade ahead of the point when that population boom will see predictably large numbers approaching the U.S. average age of death.

The conclusion was that if you thought 2016 was bad, you needed to hold on to your hat for 2017 and beyond.

But statistical trends don’t always unfold smoothly. So far in 2017, what has actually happened is that we’re seeing a rate of celebrity death that looks more like what was happening in 2010 or 2011, years when celebrity deaths were fewer and we only lost a handful of true icons.

That’s not to say we haven’t lost several beloved major celebrities this year. In addition to Campbell, I tagged (using the same methodology as last year) seven others as major celebrity deaths through mid-August of 2017: Mary Tyler Moore, Joseph Wapner, Chuck Berry, Don Rickles, Chris Cornell, Roger Moore, and Adam West.* A couple dozen more not-quite-major celebrities have died, bringing us to a total so far of 37 celebrity deaths in 2017.

It’s a lot, to be sure, but when you compare it to 2016, it’s noticeably low. By August 10 of 2016, we had seen 57 celebrity deaths, 18 of them major. Twenty-two percent of the 2017-to-date celebrity deaths have been of major celebrities, compared to 32 percent by this date in 2016. Even when compared to the other years I included in my study last year (2010 through 2015), 2017 skews a little low.  

Even better than an absence of bad news is genuine good news, and we’ve had that this year, too. There are quite a few celebrities who fans have worried about in 2017, only to see them rally and improve. Elton John scared us with a bacterial infection in the spring, but he’s doing better. Loretta Lynn is reportedly recovering in rehab after a severe stroke. Britain’s Prince Philip carries on even after two separate newspapers, on two separate dates in 2017, prematurely published obituaries for him.

All this is a welcome reprieve, one less type of bad news in a year that’s been heavy on worrisome headlines.

* In the photo above, the city of Los Angeles paid tribute to Adam West by projecting the Bat-Signal onto City Hall during a large public memorial service.

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Technical Update on Celebrity Fashions Limited. (CELEBRITY.BO) Shares

Active traders may be zooming in on certain technical indicators for stock assessment. Currently, Celebrity Fashions Limited. (CELEBRITY.BO) has a 14-day Commodity Channel Index (CCI) of 143.27. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.

We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for Celebrity Fashions Limited. (CELEBRITY.BO) is 40.81. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Celebrity Fashions Limited. (CELEBRITY.BO)’s Williams Percent Range or 14 day Williams %R currently sits at -15.32. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

Tracking other technical indicators, the 14-day RSI is presently standing at 84.41, the 7-day sits at 88.29, and the 3-day is resting at 89.01 for Celebrity Fashions Limited. (CELEBRITY.BO). The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.

For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 13.23, the 50-day is 16.06, and the 7-day is resting at 20.80. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

Investors may be intent on creating unique strategies when approaching the equity markets. Individuals with longer-term mindsets may have completely different strategies than those who trade in the short-term. Whatever class they fall under, investors may have to decide how aggressive they want to be in order to capitalize on these strategies. Navigating the bull market may make things a bit easier for some and much harder for others. Many investors will set their sights on dips and corrections. This may prove to be a successful strategy, but this may also create many missed opportunities. Keeping track of key economic data along with market trends and earnings information typically seems to be a boon to any strategy. Highly active traders may keep close watch after the markets have a sleepy session or two. Investors staying the course might actually be relieved when activity cools a bit.

By Benton Contributor

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