Investors may be looking at all the different factors that come into play when searching for those next stocks to add to the portfolio. Maybe there are some names that have been on the radar, but the timing hasn’t been right to add them into the mix. As we get closer to the end of the year, investors may be looking back at individual stock performance over the past year. They may discover some great opportunities that weren’t available during the last review. Investors may also be keeping an eye on which sectors were the big winners during the latest earnings season. Branching out into new areas may help give the investor some alternative ideas for the next few quarters.
Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels on shares of SunPower Corporation (NASDAQ:SPWR):
10 day Exponential Moving Average: 6.3899703
20 day Exponential Moving Average: 6.3748326
30 day Exponential Moving Average: 6.366064
50 day Exponential Moving Average: 6.3173046
100 day Exponential Moving Average: 6.19879
200 day Exponential Moving Average: 6.2336454
Following trading action on shares of SunPower Corporation (NASDAQ:SPWR), we see that the stock has moved -0.02 since the opening price of 6.53. So far, the stock has reached a high of 6.54 and dipped to a low of 6.48. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 35582.
Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Strong Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Buy”.
Traders will take note of the 20 day Chaikin Money Flow indicator that is now at -0.011925856. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.
There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots, we see that the Woodie pivot is currently at 6.2975. The Woodie support 1 pivot is 5.825, and the Woodie resistance 1 pivot is 6.475. The Camarilla one month pivot is presently 6.3366666. The one month Classic pivot is 6.3366666 and the Classic resistance 1 is 6.5533333 while the Classic support 1 pivot is measured at 5.903333.
The Awesome Oscillator reading is currently 0.038235296 for on shares of SunPower Corporation (NASDAQ:SPWR). Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.
Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 5.96. The 20 day upper band is 6.77. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.
It can be very difficult to keep emotions on the sidelines when making important investing decisions. Even if all the number crunching is done unemotionally, there may be a tendency for those feelings of excitement or dread to creep in. Once the trade is made, it can be super difficult to make sane decisions when markets go haywire. Investors may have made some trades that didn’t pan out as planned, and they may have the itch to sell quickly in order to stop further losses. Selling a stock just because it is going down or buying a stock just because it is going up, might lead to portfolio struggles in the future. Obtaining a grasp on the bigger picture may help investors see through the cloudiness and make clearer decisions when the time comes.