Investors may be circling the wagons wondering what’s in store for the stock market over the next few months. Capitalizing on the current trends may be just what the doctor ordered. Searching for value in the current investing landscape may be a priority for some investors. The mindset of one investor may be completely different from another. Sometimes stocks that look too good to be true actually are, and those that are actually very good may not look that enticing. Keeping a close watch on technicals and fundamentals may be a good way to start filtering through the vast sea of equities. Many stock enthusiasts will also keep a sharp focus on positive estimate revisions to help gain an edge in the markets. Whatever the strategy, investors will no doubt be searching far and wide for consistent outperformers.
There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels for Gilead Sciences, Inc. (NASDAQ:GILD), we can see that the 10 day is 68.182, the 20 day is 65.66865, and the 30 day is 64.83532. Tracking some other time periods, we note that the 50 day SMA is 65.90959 , the 100 day is 67.79242 , and the 200 day SMA is currently 71.03103.
Expanding the technical focus for Gilead Sciences, Inc. (NASDAQ:GILD), we see that the Keltner Channels 20 day upper band is 67.903625, and the 20 day lower band is65.2087. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.
Tracking the Hull Moving Average, we note that the current level is 67.886185. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.
Tracking some one month stock pivot points, we note that the Classic Pivot is 66.06167, the Classic resistance 1 is 70.62334, and the Classic support 1 is presently 63.698334. The Fibonacci one month pivot is 66.06167 while the
Fibonacci support 1 pivot is 63.416317, and the Fibonacci support 2 is 61.782017. Looking at one month Woodie pivot, we note the level at 66.53125. The Woodie support 1 pivot is 64.6375, and the Woodie resistance 1 pivot is 71.5625.
Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings:
Ichimoku Cloud Base Line: 64.625
Ichimoku Cloud Conversion Line: 68.12
Ichimoku Lead 1: 66.6742
Ichimoku Lead 2: 68.1242
Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 3.074215. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.
Traders following shares of Gilead Sciences, Inc. (NASDAQ:GILD) may have noted that the stock most recently closed at 68.03. Going back a full-year, the stock has seen a change of -13.556092 over that stretch. Taking the focus in to more recent action, shares have seen a move of 4.275862 over the last week. Over the prior month, the stock has moved 0.81493556. Over the past three months, the stock has moved -11.105305.
Typically bull markets are times when investors may be willing to be a bit more speculative with stock selection. Managing risk is generally at the forefront of many strategies. Investors trying to shift the odds in their favor may be searching for the perfect balance and diversification to help mitigate the risk and enjoy healthier profits. With so many different stocks to choose from, it may take a while to zoom in or a particular set. Investors will also be watching the next wave of economic data to get a better sense of how the overall economy is fairing. With so much noise in the markets, it may be necessary to narrow the gaze in order to set the table for success. Investors may be on the lookout for the major catalyst that either keeps the bulls charging into the second half the year, or wakes up the sleeping bears.