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.
Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Buy” for Colfax Corporation (NYSE:CFX). 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”.
Following trading action on shares of Colfax Corporation (NYSE:CFX), we see that the stock has moved -0.1 since the opening price of 22.06. So far, the stock has reached a high of 22.14 and dipped to a low of 21.89. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 584131.
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:
10 day Exponential Moving Average: 21.497427
20 day Exponential Moving Average: 21.251617
30 day Exponential Moving Average: 21.303425
50 day Exponential Moving Average: 21.893166
100 day Exponential Moving Average: 23.985142
200 day Exponential Moving Average: 26.902433
Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 20.01. The 20 day upper band is 22.18. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.
Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.31296465. 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.
The Awesome Oscillator reading is currently 0.8839044. 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.
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 for Colfax Corporation (NYSE:CFX), we see that the Woodie pivot is currently at 20.9425. The Woodie support 1 pivot is 20.605, and the Woodie resistance 1 pivot is 21.875. The Camarilla one month pivot is presently 20.82. The one month Classic pivot is 20.82 and the Classic resistance 1 is 21.63 while the Classic support 1 pivot is measured at 20.36.
As many investors probably already know, there is no one way to select winning stocks. There are plenty of different theories and ideas out there, and it may become overwhelming to look at all of them. Individual investors who manage their own money may have to dedicate an ample amount of time to find a strategy that works for them. Understanding portfolio diversification, personal risk tolerance, and time horizon may be a good place for the investor to start. Because there is no guarantee that past performance will indicate future results, investors may have to be willing to come at the market from a few different angles.