Trading Spotlight for Infosys Ltd (INFY)

After a recent indicator spot-check, we are noting that shares of Infosys Ltd (INFY) are showing a 7 day ADX signal of Buy. This signal is generally …

After a recent indicator spot-check, we are noting that shares of Infosys Ltd (INFY) are showing a 7 day ADX signal of Buy. This signal is generally used to determine the market trend. The 7-day average directional strength is Weak. This trend strength indicator measures the signal based on historical performance where minimum would represent the weakest, and maximum would indicate the strongest. The 7-day ADX direction is currently Strongest. This signal shows whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell.

One of the most famous sayings in the stock market is “buy low, sell high”. This may seem like an oversimplified statement, but there are many novice investors who often do the complete opposite. Many investors may be looking too closely at stocks that have been on the rise, and they might not be checking on the underlying fundamental data. They may be hoping to ride the wave higher, but may end up shaking their heads. On the flip side, many investors may hold onto stocks for far too long after they have slipped drastically. Waiting for a bounce that may never come can cause frustration and plenty of second guessing. Successful investors are typically able to locate stocks that are undervalued at a certain price. This may take a lot of practice and dedication, but it may do wonders for the health of the portfolio.

Checking in on the 20-Day Bollinger Bands signal, the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions. The current direction of the signal is Bullish.

Investors may be interested in viewing some other important technical stock indicators for Infosys Ltd (INFY). Investors are often focused on share price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the focus 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 reaches a certain level of resistance. After a recent check, the stock’s first resistance level is 11.33, and the second resistance level is 11.42. On the other end, investors are keeping an eye on the first support level of 11.18, and the second support level of 11.12.

Turning the focus to earnings, we note that Infosys Ltd (INFY), for the most recent period, the company posted quarterly EPS of 8.83. The trailing 12 month earnings number is currently 0.53. The company’s EPS growth over the previous quarter clocks in at 0.00%. The EPS metric is frequently used to measure a company’s profitability based on each outstanding share of common stock. When a company reports earnings results, the majority of the attention is on whether or not the EPS estimate is hit or missed. Wide gaps between estimates and actual reported figures may result in above normal stock price fluctuations after the earnings report.

Focusing in on some other data, we can see that the stock has a weighted alpha reading of +11.60. The weighted alpha gauges how much the stock has increased or decreased over the period of one full year. The weighting puts higher emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum.

One of the most famous sayings in the stock market is “buy low, sell high”. This may seem like an oversimplified statement, but there are many novice investors who often do the complete opposite. Many investors may be looking too closely at stocks that have been on the rise, and they might not be checking on the underlying fundamental data. They may be hoping to ride the wave higher, but may end up shaking their heads. On the flip side, many investors may hold onto stocks for far too long after they have slipped drastically. Waiting for a bounce that may never come can cause frustration and plenty of second guessing. Successful investors are typically able to locate stocks that are undervalued at a certain price. This may take a lot of practice and dedication, but it may do wonders for the health of the portfolio.

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Ethereum Price Analysis – ETH Bulls Remain In Charge

Ethereum price is trading near the $229 level after the price went on a downward correction from a new monthly high close to $240. The ETHUSD pair …

Ethereum price is trading near the $229 level after the price went on a downward correction from a new monthly high close to $240. The ETHUSD pair might climb higher to retest that level again.

Ethereum Price Technical Analysis

Ethereum (ETH) price was in the bullish trend zone yesterday August 6 after rising above the $230 price level. The bulls broke the 12 and 26-day Exponential Moving Averages (EMAs) to reach the bullish trend zone. Yesterday, the price of Ethereum traded close to the $240 level and formed a new monthly high. Nevertheless, ETH bulls were unable to break the $240 resistance. As a result, Ethereum price went on a sharp downside correction below the $225 support level.

At the moment, Ethereum price is trading near the $229 level. On the upside, Ethereum price will commence another bullish trend to retest the $230 and the $240 price levels. On the downside, the downward trend will resume towards $212 level if the bulls fail to break the resistance level. In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are below the zero line which suggests a sell signal.

ETHUSD Price Short-term Analysis

As the 1-hour chart shows, ETHUSD price is in a bullish trend. Yesterday, the bulls met resistance at the $240 price level and the price of ETHUSD went on a downward correction below the $235 and $230 support levels. In the meantime, the MACD line and the signal line are below the zero line, which is an indication of a buy signal.

  • Resistance Level – $230
  • Support Level – $220

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

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Bitcoin Needs Weekly Close Above Tough $12K Hurdle to Restart Price Rally

Bitcoin’s bull run from April lows near $4,100 seems to have stalled, with buyers repeatedly failing to keep gains above $12,000 in the last six weeks.

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  • Bitcoin’s bull run from April lows near $4,100 seems to have stalled, with buyers repeatedly failing to keep gains above $12,000 in the last six weeks.
  • A high-volume weekly close (Sunday, UTC) above $12,000 is needed to revive the bull market.
  • A bullish weekly close may remain elusive if the cryptocurrency finds acceptance below $11,200 in the next day or two. That could pave way for a drop to $10,500.

Bitcoin needs to break above stiff resistance at $12,000 to unleash the next phase of the bull market, which began from lows near $4,100 on April 1.

The top cryptocurrency by market value is currently trading at $11,527 on Bitstamp, having fallen back from a one-month high of $12,325 yesterday.

This isn’t the first time BTC has failed to hold on to gains above $12,000. The cryptocurrency jumped to a high of $13,880 on June 26 only to fall back below $12,000 on the following day. Similar price action was seen in the following two weeks. Notably, prices rose to $13,200 on July 10, only to fall back below $10,000 the following day.

Currently, the bull market looks to have stalled, with $12,000 resistance acting as a ceiling to further gains, as seen below.

Weekly chart

Bitcoin broke into a bull market with a convincing move to $5,000 in April and rose to a high of $13,880 on June 26.

The cryptocurrency, however, did not find sustained acceptance above $12,000 in either the last week of June or the first two weeks of July.

The repeated failure to close above $12,000 indicates a weakening of bull momentum and has established the psychological level as the resistance to beat for the bulls.

So, a high-volume weekly close above $12,000 is needed to signal a continuation of the rally from April lows near $4,100 and open the doors to resistances at $15,000 and $17,235 (January 2018 high).

The odds of BTC closing this week (Sunday, UTC) above $12,000 would drop if prices slip below key support at $11,200 in the next day or two.

Daily chart

BTC fell 2.8 percent yesterday, snapping its seven-day winning streak.

More importantly, the cryptocurrency failed to close above the upper edge of the falling channel on the daily chart and created a candle with a long upper shadow – another sign of buyer exhaustion above $12,000.

That candle would gain credence and the outlook would turn bearish if prices close below $11,200 (Tuesday’s low).

3-day chart

A close above $12,060 today would confirm a bull flag breakout on the 3-day chart. A bull flag breakout is a continuation pattern that usually accelerates the preceding rally.

If confirmed, a breakout would potentially open the doors to fresh record highs above $20,000 (target as per the measured move method).

That said, a weekly close above $12,000 would be a stronger confirmation of the revival of the bull market.

Disclosure: The author holds no cryptocurrency assets at the time of writing.

Bitcoin image via Shutterstock; charts by Trading View

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Duke Energy Corp (DUK) Direction Indicator Reading a Buy

Investors and traders may be focusing on some technical indicators for Duke Energy Corp (DUK). Currently, the 7-day average directional indicator is …

Investors and traders may be focusing on some technical indicators for Duke Energy Corp (DUK). Currently, the 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 heading 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 represent the weakest, and maximum would indicate the strongest. Taking a quick look at another popular indicator, we can see that the 10-day moving average Hilo channel is currently Buy. This indicator calculates the moving average based on highs/lows rather than the closing price.

Investors paying close attention to the daily ebbs and flows of the stock market may be trying to guess which way momentum will swing into the next couple of months. Finding those stocks that are ready to ride the lightning may not be the easiest task with markets chugging along near all time highs. Investors may have to first figure out how much risk they want to take on when picking the next round of stocks. Once the risk appetite is determined, investors can start to decide whether they think it is best to go with the flow or buck the trend. Either way, paying attention to short-term and long-term price moves may help paint a clearer picture of what is happening with a particular stock. Maybe those stocks that were sure-fire winners a few months ago have lost some steam. Adjusting the portfolio may or may not be necessary, but knowing exactly what stocks are owned and how they are performing may help with additional decision making along the way. Of course nobody wants to be on the outside looking in as a stock is taking off, but there should be plenty of other opportunities in the future. Staying current with global economic conditions and keeping a finger on the pulse of the company during earnings season can help shed some light on where the stock may be headed next.

Duke Energy Corp’s current pivot is 88.13. The pivot point is commonly used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period. The stock currently has a standard deviation of +1.02. 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 assist investors with trying to figure out if a stock is primed for a major move.

Tracking current trading session activity on shares of Duke Energy Corp (DUK), we can see that the stock price recently hit 88.12. At the open, shares were trading at 87.84. Since the start of the session, the stock has topped out with a high of 88.73 and bottomed with a low of 87.55. After noting current price levels, we can see that the change from the open is presently 0.62. Of course, there is no simple answer to solving the question of how to best tackle the stock market, especially when dealing with an uncertain investing climate. There are many different schools of thought when it comes to trading equities. Investors may have to first gauge their appetite for risk in order to form a solid platform on which to build a legitimate strategy.

Active investors may be interested in tracking historical stock price information on shares of Duke Energy Corp (DUK). Over the past full year, the high point for the stock was seen at 91.67. During that same period, the low price touched 78.

Investors will be closely tracking stock market movements over the next few months. As we break into the second part of the year, many will be researching what they did right and what they did wrong in the first half. Recent market action may have investors questioning if a major pullback is on the horizon, or if momentum will turn back to the upside. Investors will have to determine if any tweaks will need to be made to the portfolio. If the economic data continues to display optimism, investors may be able to confidently make some moves to help bolster returns. Over the next few quarters, investors will be hoping that modest gains can turn into major gains.

Investors and traders may be focusing on some technical indicators for Duke Energy Corp (DUK). Currently, the 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 heading 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 represent the weakest, and maximum would indicate the strongest. Taking a quick look at another popular indicator, we can see that the 10-day moving average Hilo channel is currently Buy. This indicator calculates the moving average based on highs/lows rather than the closing price.

Investors paying close attention to the daily ebbs and flows of the stock market may be trying to guess which way momentum will swing into the next couple of months. Finding those stocks that are ready to ride the lightning may not be the easiest task with markets chugging along near all time highs. Investors may have to first figure out how much risk they want to take on when picking the next round of stocks. Once the risk appetite is determined, investors can start to decide whether they think it is best to go with the flow or buck the trend. Either way, paying attention to short-term and long-term price moves may help paint a clearer picture of what is happening with a particular stock. Maybe those stocks that were sure-fire winners a few months ago have lost some steam. Adjusting the portfolio may or may not be necessary, but knowing exactly what stocks are owned and how they are performing may help with additional decision making along the way. Of course nobody wants to be on the outside looking in as a stock is taking off, but there should be plenty of other opportunities in the future. Staying current with global economic conditions and keeping a finger on the pulse of the company during earnings season can help shed some light on where the stock may be headed next.

Duke Energy Corp’s current pivot is 88.13. The pivot point is commonly used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period. The stock currently has a standard deviation of +1.02. 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 assist investors with trying to figure out if a stock is primed for a major move.

Tracking current trading session activity on shares of Duke Energy Corp (DUK), we can see that the stock price recently hit 88.12. At the open, shares were trading at 87.84. Since the start of the session, the stock has topped out with a high of 88.73 and bottomed with a low of 87.55. After noting current price levels, we can see that the change from the open is presently 0.62. Of course, there is no simple answer to solving the question of how to best tackle the stock market, especially when dealing with an uncertain investing climate. There are many different schools of thought when it comes to trading equities. Investors may have to first gauge their appetite for risk in order to form a solid platform on which to build a legitimate strategy.

Active investors may be interested in tracking historical stock price information on shares of Duke Energy Corp (DUK). Over the past full year, the high point for the stock was seen at 91.67. During that same period, the low price touched 78.

Investors will be closely tracking stock market movements over the next few months. As we break into the second part of the year, many will be researching what they did right and what they did wrong in the first half. Recent market action may have investors questioning if a major pullback is on the horizon, or if momentum will turn back to the upside. Investors will have to determine if any tweaks will need to be made to the portfolio. If the economic data continues to display optimism, investors may be able to confidently make some moves to help bolster returns. Over the next few quarters, investors will be hoping that modest gains can turn into major gains.

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Nxt-Id Inc (NXTD) Momentum to a Halt as Shares Drop -10.06% For The Week

NxtId Inc (NXTD) shares are showing positive momentum over the past week as the stock has clocked in with gains of -10.06%. In taking a look at …

Nxt-Id Inc (NXTD) shares are showing positive momentum over the past week as the stock has clocked in with gains of -10.06%. In taking a look at recent performance, we can see that shares have moved -36.40% over the past 4-weeks, -62.32% over the past half year and -70.83% over the past full year.

Investors may be wondering what’s in store for the next few months in terms of the equity market. Many investors may be hesitant to get into the mix with markets still trading at such high levels. Sometimes, the fear of missing out on the next big run will cause investors to make hasty decisions. Taking the time to do the full research can help offset the jitters associated with picking stocks. Finding stocks that still have room to head higher can be tricky, but there are still plenty of them out there. Although nobody can say for certain which way the market will trend into the New Year, investors should be on the lookout for opportunities that may present themselves over the next quarter. All eyes will be focused on company earnings when the next round of earnings reports begins.

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. The 14-day RSI is currently sitting at 23.50, the 7-day is at 9.50, and the 3-day is spotted at 0.57 for Nxt-Id Inc (NXTD).

Investors may be tracking certain levels on shares of Nxt-Id Inc (NXTD). The current 50-day Moving Average is 0.67, the 200-day Moving Average is 0.90, and the 7-day is noted at 0.48. Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

Traders may be relying in part on technical stock analysis. Nxt-Id Inc (NXTD) currently has a 14-day Commodity Channel Index (CCI) of -98.49. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

At the time of writing, the 14-day ADX for Nxt-Id Inc (NXTD) is 29.57. 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.

Investing in the stock market can sometimes be a wild ride. Without the proper planning and research, investors may quickly find themselves on the outside looking in. Doing the research and studying the market can be helpful, but creating a trading or investing plan may be the most important part of the process. When the back testing and practice is completed, the real challenge awaits. The practice and preparation can be very helpful for understanding the market, but when real money gets put on the line, it can be a whole different ballgame. The more successful traders and investors are the ones who are able to stay focused and disciplined even throughout turbulent market situations.

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