The Aroon Oscillator has reached a key pivot point for Beacon Roofing Suppl (BECN) as the upward trend for the shares continues to build. Whether or not this can continue can be determined by looking at several charts. The key levels you need to watch on the Aroon indicator are 80 and 20. Would you like to know how to tell if the price is trending up? You just have to wait for the Aroon Up line to move above the level 80. If you find the Aroon Down line is saying below Level 20 at the same time, it would confirm the bullish trend in the market. If you find the Aroon indicator in this situation, you might consider taking up a position. The Aroon indicator differs from other price momentum oscillators because it exploits both of these market attributes. Aroon-based indicators do this by measuring price changes relative to time. This article will examine the logic behind Aroon and show when it works best.
New investors may be trying to figure out the best way to build a solid foundation with which to make future investing decisions. There are many different paths that an investor can take once they become familiar with the territory. Some investors will choose to study professional analyst research and recommendations. This can be very useful, but many investors may feel more comfortable doing their own research. Conducting stock research may involve looking at the fundamentals of a certain company. Understanding what kind of competitive advantage a company might have compared to others in their industry may help weed out some of the more undesirable stocks. Because there is no one way to properly conduct stock research, investors may need to try a few different methods in order to determine the best individual course of action.
Beacon Roofing Suppl (BECN) has a 14-day Commodity Channel Index (CCI) of -4.90. The CCI was designed to typically remain within the reading of -100 to +100. Traders may use the indicator to spot stock trends or to seek out overbought/oversold conditions. A CCI reading over +100 would suggest that the stock is overbought and possibly ready for a correction. On the flip side, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
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A popular tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, Beacon Roofing Suppl (BECN) has a 200-day MA of 34.88, and a 50-day of 35.88. Presently, the stock has a 14-day RSI of 54.92, the 7-day is sitting at 50.99, and the 3-day is resting at 46.49. The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.
Beacon Roofing Suppl (BECN)’s Williams Percent Range or 14 day Williams %R presently is at -58.92. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold. We can also take a look at the Average Directional Index or ADX of the stock. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 35.13. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend
Diversification can be an important aspect of any investor’s portfolio. Investors may choose to spread out stock holdings between foreign stocks and stocks with different market capitalizations. Investors may have to first become aware of the risk associated with owning a wide variety of stocks. Owning stocks that belong to different industries may also be a help to the success of the portfolio. Often times, sectors may trade off being market leaders. Owning all one sector may leave too much risk exposed if the sector suddenly tanks and falls out of favor with investors. Investors may need to occasionally do a strategic review of the equity portion of the portfolio. Knowing exactly what is held may help the investor when the time comes to make some adjustments.
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