Individuals may have the tendency to make irrational investing decisions based on certain biases rather than focusing on market fundamentals. They might purchase a certain stock when the price is surging higher or when the entire stock market is in an upswing. This behavior is typically driven by the fear of missing out on possible profits that they think that everybody else is making. When the market continues to rise, they may believe that they need to get in quick before missing out completely. On the other side, investors may be too quick to sell a certain stock when it is been moving to the downside. They may be scared of further losses and the fear of uncertainty may creep in and cause unnecessary selling.
Scanning the levels on shares of Infosys Limited (NYSE:INFY), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 11.64/10.37. Over the past 1 month, the high/low is 11.52/10.77. Looking back over the last full-year, the high price is 11.64, and the low price sits at 8.85. For the last six months, the high was seen at 11.64, and the low was noted at 10.01.
Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Infosys Limited (NYSE:INFY), we see that the stock’s latest close price was 11.15. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of 17.12184874. Over the last full year, shares have moved 8.56864654. Bringing the focus in, the stock has changed 8.56864654 over the past three months, -3.12771503 over the last month, and -1.58870256 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.
Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels, we note that the Ichimoku Cloud Base Line level is 11.11. The Ichimoku Could Conversion Line reading is 11.205. From another angle, the Ichimoku Lead 1 is presently 11.1475, and the Lead 2 level is 11.005.
Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:
Fibonacci support 1: 11.05768667
Fibonacci support 2: 10.96564667
Woodie support 1: 11.015
Woodie resistance 1: 11.405
Classic resistance 1: 11.35333333
Classic support 1: 10.96333333
Looking at the stock’s volatility, we note that the current reading is 0.72202166. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 1.31774027 while volatility for the month comes in at 1.65065098. The current Bull Bear Power reading for the stock is -0.06195388.
The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 10.77. The current reading for the 20 day upper band is 11.45.
Technical analysts will note that the Awesome Oscillator reading is presently 0.03473529 on shares of Infosys Limited (NYSE:INFY). This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.
Dedicated investors are usually on the lookout for promising stocks that have been overlooked by the investment community. They may be searching for companies that have slipped under the radar and are primed for a move higher. Some investors may do the research and locate these stocks that are infrequently in the financial news headlines and are relatively unknown by the average investor. These stocks may be smaller cap, trading on a foreign exchange, or stocks that used to be prominent that have not been part of the conversation recently. Finding these stocks may take some extra research and effort. Investors who are able to do enough digging may be able to find some great names to help support the stock portfolio.