Occasionally, investors may feel like they are riding on a wild roller coaster when dealing with the stock market. Controlling emotions when taking the ride may assist with making necessary decisions when the time comes. Many investors choose to do thorough research when purchasing any stock. Knowing what is owned and why it is owned may help ease the mind when things get sticky. When the market is riding high and there is generally smooth sailing on the investing seas, individual investors may have the tendency to get complacent. Being prepared for any situation may help ease the stress of big market decision making. There may be a time when it seems like everything is going off the rails, but having an actual game plan for management and recovery could make a huge difference both financially and psychologically.
Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Strong Sell” for ProShares UltraPro 3x Crude Oil ETF (:OILU). Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Sell”.
Following trading action on shares of ProShares UltraPro 3x Crude Oil ETF (:OILU), we see that the stock has moved -0.11 since the opening price of 28.88. So far, the stock has reached a high of 28.93 and dipped to a low of 28.65. The consensus rating on the stock is currently Sell, and today’s volume has been measured around 2560.
Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:
10 day Exponential Moving Average: 29.081242
20 day Exponential Moving Average: 29.770882
30 day Exponential Moving Average: 30.185713
50 day Exponential Moving Average: 30.172747
100 day Exponential Moving Average: 28.867558
200 day Exponential Moving Average: 28.837536
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Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 27.57. The 20 day upper band is 32.44. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.
Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.1664276. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.
The Awesome Oscillator reading is currently -2.5356913. Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.
There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots for ProShares UltraPro 3x Crude Oil ETF (:OILU), we see that the Woodie pivot is currently at 29.41. The Woodie support 1 pivot is 26.38, and the Woodie resistance 1 pivot is 30.84. The Camarilla one month pivot is presently 29.813334. The one month Classic pivot is 29.813334 and the Classic resistance 1 is 31.646667 while the Classic support 1 pivot is measured at 27.186666.
As most investors most likely have learned, there is no easy answer when deciding how to best take aim at the equity market, especially when faced with a volatile investing scenario. There are many different views when it comes to trading stocks. Investors may have to first come up with a plan in order to build a solid platform on which to compile a legitimate strategy. The vast amount of publically available data can seem overwhelming for novice investors. Making sense of the sea of information may do wonders for the health of the individual investor’s holdings.
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