Technical Focus: Following Shares of Duke Energy Corp (DUK) at Pivot Touches $88.91

Studying the short-term chart on shares of Duke Energy Corp (DUK), we have noted that the current 20-Day Bollinger Bands signal is presently …

Studying the short-term chart on shares of Duke Energy Corp (DUK), we have noted that the current 20-Day Bollinger Bands signal is presently reading Hold. This indicator may be used to assist with identifying oversold and overbought conditions. The signal direction is currently Bearish. Following another signal, we note that the 10-day moving average Hilo channel reading is currently Sell. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of this signal has been spotted as reading Weakest.

Novice investors might be striving to create a trading strategy that produces results in the equity market. Once all the research is complete and the stocks are picked, they may need to decide what kind of time frame they will be working with in terms of buying and selling. Some investors will be making longer-term term plays, and others will be trying to make shorter-term moves. At some point, every investor will have to decide when to sell a winner and when to cut loose a loser. This can be one of the most difficult decisions to make. Investors may find it really hard to sell an underperforming stock when they still believe that it will turn around and move to profit. Waiting around for a turn around that may never come can lead to the undoing of a well crafted portfolio. Regularly staying on top of the markets may allow the investor to make educated buy or sell decisions when the time comes. This may involve following major economic data, studying company fundamentals, and checking in on historical price movement and trends. Investors who are able to keep their emotions in check might find themselves in a better position than those who let emotions get the best of them.

Investors may be tracking the average range on shares of Duke Energy Corp (DUK). The stock currently has a 9 day average range of 1.29. This a moving average of trading ranges over a 9 day time frame. With this value, higher numbers tend to occur at market bottoms while lower values may be spotted during extended sideways periods. Looking at the 9 day relative strength reading, we can see that the value is currently 47.54%. This technical momentum indicator compares the size of recent gains to recent losses helping to identify possible overbought and oversold conditions.

Shifting gears, we see that the opinion signal for the current session is 32% Sell for Duke Energy Corp. Investors may also be watching the strength and direction of the opinion signals. The opinion direction is presently Strengthening. This is a measurement over the last three trading sessions that gives an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is presently reading Minimum. This is a longer-term measure verse the historical strength.

Duke Energy Corp (DUK) currently has a standard deviation of -0.97. Standard deviation is defined as a measure of the dispersion from the mean in regards to a data set. When dealing with financial instruments, the standard deviation is applied to the annual rate of return to help measure the volatility of a particular investment. Watching the standard deviation may help investors see if a stock is primed for a major move. The stock’s current pivot is 88.91. The pivot point is typically used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period.

Duke Energy Corp (DUK)) currently has a 6 month MA of 88.56. Investors may use moving averages for different reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may be watching when the stock price crosses a certain moving average and then closes on the other side. These moving average crossovers may be used to help identify momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the beginning of a downward move. On the other end, a cross above a moving average may indicatet a possible uptrend. Investors may be focused on multiple time periods when studying moving averages. Zooming out a bit further, we have noted that the 9 month moving average is currently 87.67.

Investors are often trying to figure out the best way to analyze the stock market. When it comes to stock research, investors may use fundamental analysis, technical analysis, or a combination of both. Boiling down the two techniques, studying the fundamentals puts the focus on factors that may influence specific stocks, and studying the technicals puts the focus on market behavior analysis. Investors who study the fundamentals are typically trying to understand why stocks and markets move the way they do. Technical analysts are more concerned with spotting trends and trying to measure the characteristics of those trends. Some investors may prefer one method of stock research over another, but many investors may use a combination of both methods to help make sure that all the bases are covered.

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Trading Lines in Review for CME Group Inc (CME)

Looking at the recent signals on shares of CME Group Inc (CME), we can see that the short-term MACD indicator is presently pointing to a Buy.

Looking at the recent signals on shares of CME Group Inc (CME), we can see that the short-term MACD indicator is presently pointing to a Buy. The MACD is typically used to measure bullish or bearish price movements. The MACD signal direction is currently reading Weakest. Switching to another short-term indicator, we have noted that the current 7-day average directional indicator is Buy. This signal may be used to determine the market trend. The 7-day average directional direction is currently Strongest. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is leaning towards a Buy or Sell. The 7-day directional strength is Average. This trend strength indicator measures the signal based on historical performance where minimum would indicate the weakest, and maximum would represent the strongest.

Investors may be scouring the exchanges for the next breakout stock. With the next earnings season in focus, investors will be keeping their eyes open for names that have upside potential. Tracking earnings results can help the investor see how healthy the company is. Investors may choose to research companies that produce large earnings beats. Taking the time to fully research the fundamentals can help the investor start piecing together the puzzle. Although many investors may not feel comfortable making trades around earnings, they can prepare for the aftermath and set up a plan to proceed once the market settles.

Investors are often watching stock price support and resistance levels. The support is a level where shares may see a rebound after they have fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it touches a certain level of resistance. After a recent look, the stock’s first resistance level is 204.38. On the other side, investors may be taking note of the first support level which is currently 201.94.

Looking further, we can see that the current 9 day MACD for CME Group Inc (CME) has been noted at 2.83. This value represents the difference between a short-term and a long-term moving average. A reading above zero may offer a bullish signal, and a value below zero may indicate a bearish signal. Going a little further, we can see that the difference between the most recent close and the close one month ago is presently -0.01. This represents a percent change of 0.00% over that period of time. Taking a look back to the start of the calendar year, we can see that the price change has been noted at 15.05. Investors may be trying to gauge which way company shares will trend in the second half of the calendar year. As companies start reporting quarterly earnings, everyone will be focused on how the actual numbers stack up against analyst estimates. An earnings beat may prod company shares higher, while a miss may stall momentum.

Shares of CME Group Inc (CME) currently have a standard deviation of +0.56. Standard deviation is defined as a measure of the dispersion from the mean in regards to a data set. When dealing with financial instruments, the standard deviation is applied to the annual rate of return to help gauge the volatility of a specific investment. Tracking the standard deviation may help investors with trying to project if a stock is primed for a major move. The stock’s current pivot is 203.15. The pivot point is frequently used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period.

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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Stock Watch: Signals in View for Qualcomm Inc (QCOM)

Looking at the recent signals on shares of Qualcomm Inc (QCOM), we can see that the short-term MACD indicator is presently pointing to a Sell.

Looking at the recent signals on shares of Qualcomm Inc (QCOM), we can see that the short-term MACD indicator is presently pointing to a Sell. The MACD is typically used to measure bullish or bearish price movements. The MACD signal direction is currently reading Weakest. Switching to another short-term indicator, we have noted that the current 7-day average directional indicator is Sell. This signal may be used to determine the market trend. The 7-day average directional direction is currently Strengthening. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is leaning towards a Buy or Sell. The 7-day directional strength is Weak. This trend strength indicator measures the signal based on historical performance where minimum would indicate the weakest, and maximum would represent the strongest.

Investors may be scouring the exchanges for the next breakout stock. With the next earnings season in focus, investors will be keeping their eyes open for names that have upside potential. Tracking earnings results can help the investor see how healthy the company is. Investors may choose to research companies that produce large earnings beats. Taking the time to fully research the fundamentals can help the investor start piecing together the puzzle. Although many investors may not feel comfortable making trades around earnings, they can prepare for the aftermath and set up a plan to proceed once the market settles.

Investors are often watching stock price support and resistance levels. The support is a level where shares may see a rebound after they have fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it touches a certain level of resistance. After a recent look, the stock’s first resistance level is 76.15. On the other side, investors may be taking note of the first support level which is currently 73.32.

Looking further, we can see that the current 9 day MACD for Qualcomm Inc (QCOM) has been noted at -1.08. This value represents the difference between a short-term and a long-term moving average. A reading above zero may offer a bullish signal, and a value below zero may indicate a bearish signal. Going a little further, we can see that the difference between the most recent close and the close one month ago is presently 3.26. This represents a percent change of +4.58% over that period of time. Taking a look back to the start of the calendar year, we can see that the price change has been noted at 17.59. Investors may be trying to gauge which way company shares will trend in the second half of the calendar year. As companies start reporting quarterly earnings, everyone will be focused on how the actual numbers stack up against analyst estimates. An earnings beat may prod company shares higher, while a miss may stall momentum.

Shares of Qualcomm Inc (QCOM) currently have a standard deviation of +0.13. Standard deviation is defined as a measure of the dispersion from the mean in regards to a data set. When dealing with financial instruments, the standard deviation is applied to the annual rate of return to help gauge the volatility of a specific investment. Tracking the standard deviation may help investors with trying to project if a stock is primed for a major move. The stock’s current pivot is 75.12. The pivot point is frequently used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period.

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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Technical Focus on These Shares: Nvidia Corp (NVDA)

Traders following current indicator levels on shares of Nvidia Corp (NVDA) can note that the short-term MACD indicator is presently reading a Buy.

Traders following current indicator levels on shares of Nvidia Corp (NVDA) can note that the short-term MACD indicator is presently reading a Buy. The MACD is typically used to measure bullish or bearish price movements. The MACD signal direction is currently reading Strongest. Switching to another short-term indicator, we have noted that the current 7-day average directional indicator is Buy. This signal may be used to determine the market trend. The 7-day average directional direction is currently Strengthening. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is leaning towards a Buy or Sell. The 7-day directional strength is Soft. This trend strength indicator measures the signal based on historical performance where minimum would indicate the weakest, and maximum would indicate the strongest.

As we move deeper into the year, investors will be paying attention to which companies are well-positioned for future growth. Even if the current earnings reports are a mixed bag, investors can study which industries look they are taking the top spot. Many active investors may be focusing on which way estimates are trending heading into the company earnings release. Analysts will often make updates to projections shortly before and after the earnings numbers are provided. Many active investors may enjoy the volatility that comes with trading around earnings, but others will choose to let the heavy action pass before deciding which stocks to buy or sell next.

After a recent look, the stock’s first resistance level is 162.12. On the other side, investors may be taking note of the first support level which is currently 158.25. Investors are often watching stock price support and resistance levels. The support is a level where shares may see a rebound after they have fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it touches a certain level of resistance.

We have also noted that the difference between the most recent close and the close one month ago is presently 10.63. This represents a percent change of +7.05% over that period of time. Taking a look back to the start of the calendar year, we can see that the price change has been noted at 27.88. Investors may be trying to gauge which way company shares will trend in the second half of the calendar year. As companies start reporting quarterly earnings, everyone will be focused on how the actual numbers stack up against analyst estimates. An earnings beat may prod company shares higher, while a miss may stall momentum. Looking further, we can see that the current 9 day MACD for Nvidia Corp (NVDA) has been noted at -1.7. This value represents the difference between a short-term and a long-term moving average. A reading above zero may offer a bullish signal, and a value below zero may indicate a bearish signal. Shares of Nvidia Corp (NVDA) currently have a standard deviation of +0.40. Standard deviation is defined as a measure of the dispersion from the mean in regards to a data set. When dealing with financial instruments, the standard deviation is applied to the annual rate of return to help gauge the volatility of a specific investment. Tracking the standard deviation may help investors with trying to project if a stock is primed for a major move. The stock’s current pivot is 160.31. The pivot point is frequently used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period.

When the stock market starts to get volatile, investors might start getting worried about their investments. The natural response is to do something about it and take some action. Sometimes this may be necessary, but sometimes the best way to deal with volatility may be to wait it out and stay the course. It can be scary to watch the portfolio decline, and nobody wants to see their stocks taking a nosedive. Although there is no foolproof strategy to ride out market downturns, investors often agree that having a diversified stock portfolio may be the most logical defense.

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2 Ways to Buy Nvidia Stock on Competition Worries

The latest competitive threats to the once unstoppable Nvidia (NASDAQ:NVDA) have challenged some investors this week. But with varied strong …

The latest competitive threats to the once unstoppable Nvidia (NASDAQ:NVDA) have challenged some investors this week. But with varied strong positioning and catalysts up its own sleeve, bullish investors shouldn’t give up on the end game in NVDA stock yet. Let me explain.

NVDA stock: 2 Ways to Buy Nvidia Stock on Competition WorriesNVDA stock: 2 Ways to Buy Nvidia Stock on Competition Worries

Source: Shutterstock

As most any investor with a passing interest in the stock market knows, not too long ago NVDA was a growth superstar off and on the price chart that could do no wrong. The sky was seemingly the limit for Nvidia. Unsurprisingly, a couple years of the overly-bullish narrative, those cocksure days ended abruptly in late 2018.

The latest challenge to NVDA resurrecting its former glory comes from Advanced Micro Devices (NASDAQ:AMD). As InvestorPlace’s Brad Moon recently discussed, AMD’s roll-out this past week of its new Ryzen 3000 processors and Navi-based Radeon 5700 graphics cards and what the company calls the “Ultimate PC Gaming Platform” is living up to that boast in the early innings.

But as Nvidia investors also know, but maybe need a reminder of, NVDA isn’t a one-trick pony. And the big picture for this tech powerhouse remains very promising despite challenges from the likes of AMD or more ubiquitous geopolitical challenges such as today’s trade war with China.

Bottom line, Nvidia has a strong presence in markets ranging from autonomous and driverless vehicles, to data centers, artificial intelligence, a re-emerging cryptocurrency market and yes, even still the gaming industry. What’s more, on the price chart the bottom line for NVDA’s big picture looks equally promising in more than one way for bullish investors.

NVDA Stock Monthly Chart



Click to Enlarge

Technically speaking, the ‘end game’ or big picture amounts to appreciating NVDA’s constructive, not destructive monthly chart since last October. Bottom line, all stocks, in particular companies with once-glowing growth expectations, have large price corrections at one time or another.

From Amazon (NASDAQ:AMZN) to Microsoft (NASDAQ:MSFT), corrections are an investing commonality which no company is immune. Of course, each incident will have its own unique reasons for this once unthinkable inevitability occurring and an in-tow bearish narrative getting the best of investors. Such is the case in Nvidia stock.

The good news for NVDA investors is what’s done, is likely done as far as the correction is concerned. Despite overall sentiment remaining bearish to cautiously optimistic at best, the price chart has established a confirmed lower-high double bottom backed by a key test of long-term Fibonacci supports.

Positioning in NVDA Stock

From where I sit, investors have two ways to play NVDA. One method is to put shares on the radar for buying above the market if a higher high pivot is formed to confirm a monthly uptrend. Set your trade alert for the April high of $193.25. Investors can then decide whether to buy momentum or wait for the next meaningful pullback to establish a long position in Nvidia.

The second strategy simply purchases NVDA today. With shares near the confirmation price of the bottoming candle’s high of $165.37, buying the stock right now is a reasonable venture. For managing risk I’d suggest an initial stop 10% below the purchase price.

In a volatile stock like NVDA this exit strategy contains risk as reasonably as can be expected. It also serves the purpose of technically exiting the position if shares fall deep enough into June’s monthly range. In our technical opinion, that kind of price action would strongly suggest NVDA stock still has a long road ahead of itself, before possibly securing its place among other legendary investments.

Disclosure: Investment accounts under Christopher Tyler’s management currently own positions in Advanced Micro Devices (AMD) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler’s observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits.