Traders often employ unique systems when trying to beat the stock market. There are many different trading strategies or systems that can be used. New traders may find out very quickly that trading without a plan is a recipe for ruin. When starting out, it may require a lot of focus and dedication just to stay afloat. With more experience and hard work, traders may be able to eventually scoop up some of those profits that they were expecting when they started out. Some traders may have a few big wins right out of the gate. This may lead to overconfidence in the future if the proper precautions are not taken. Traders constantly need to be paying attention to everything that is going with the stock market. Moves can happen in the blink of an eye and without any notice. Being prepared to take a position at a moment’s notice can pay off big when the opportunity arises.
Traders have the ability to use a wide range of indicators when studying stocks. Each trader will typically find a few indicators that they heavily rely on. The Ichimoku Cloud indicator works to identify trend direction, gauge momentum, and identify trading opportunities based on crossovers. We can view some Ichimoku indicator levels below for 3D Systems Corporation (NYSE:DDD):
Ichimoku Lead 1: 10.99155
Ichimoku Lead 2: 10.50585
Ichimoku Cloud Base Line: 12.145
Ichimoku Cloud Conversion Line: 12.655
Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is currently 11.99 on shares of 3D Systems Corporation (NYSE:DDD). The 20 period upper band reading is 13.45. Donchian Channels can be used to gauge the volatility of a market. This is a banded indicator akin to Bollinger Bands.
Putting a closer focus on shares of 3D Systems Corporation (NYSE:DDD), we see that since the opening price of 12.96, the stock has moved 0.03. Tracking shares, we note that the consensus stock rating is Buy. Volume today clocks in around 199258. Over the course of the current session, the stock has topped out at 13.01 and seen a low price of 12.8752. Investors will be putting 2/28/2019 on the schedule as the company is slated to next report earnings around that date.
Taking a look at some historical highs and lows for 3D Systems Corporation (NYSE:DDD), we see that the all time high is currently 97.28, and the all time low is 0.5000025. Investors often pay added attention to a stock when it is nearing a historical high point or low point. For the last year, the high price is 21.78, and the low price stands at 9. For the last six months, the high was seen at 21.78, and the low was tracked at 9.35. If we move in closer, the three month high/low is 13.68/9.35, and the one month high/low is 13.45/10.76.
Technical analysis on the stock may include following the Keltner Channels indicator. Currently, the 20 day upper band is 12.8145075. The 20 day lower band is noted at 12.212277. The KC indicator is considered a lagging indicator. Traders may use the values to help spot overbought and oversold conditions.
Traders following the Chaikin Money Flow indicator will note that the current 20 day reading is -0.10512503. The CMF value will fluctuate between 1 and -1. In general, a value closer to 1 would indicate higher buying pressure. A value closer to -1 would represent higher selling pressure.
Traders following the stock may be watching SMA or Simple Moving Average Levels. Many traders will be watching out for when the shorter-term averages cross above the longer-term averages as this may point to the start of an uptrend. Let’s look at the following SMA readings:
SMA 50 day: 11.748152
SMA 30 day: 12.149333
SMA 200 day: 13.658125
SMA 20 day: 12.64475
SMA 100 day: 11.372185
SMA 10 day12.762
Many new traders will jump right into the market without any concrete plan. They may be highly optimistic, but will soon realize that it takes more than optimism to secure profits in the stock market. Successful traders are usually good at having a backup plan for every trade. This may seem unnecessary to some, but when the harsh reality of a losing trade comes into the picture, it can be hard to rebound after taking a big hit. Rushing into trades to try and cover recent losses may also leave the trader on the outside looking in. Taking a rationalized approach may help the trader ride out the bumpy patches when they inevitably come.
Traders following the Hull Moving Average will note that the current level is 12.895185. The calculation uses the weighted moving average and it puts the emphasis on recent prices over older prices.