For the novice investor, the stock market can sometimes be a scary place. Many investors may be ready to jump into the ring, but they might not have the proper training. Finding a stock market strategy that puts the investor on the winning side is not an easy task. There is a plentiful amount of information regarding the equity market. Knowing what information to focus on can be the key to sustained success. Investors who are able to sift through the noise and stick to a sturdy stock picking plan, may be in a much better position when tough portfolio decisions need to be made. Many investors will instinctually want to jump in to a stock that has taken off running. Sometimes this may work out positively, but it can also lead to significant losses and second guessing. If all the proper research is completed, investors may feel more at ease with their selections going forward. Of course there will be times when the research does not turn into expected profits, but knowing how to let go of those stocks may help the investor in the long run.
Scanning through some ratings, we note that the current Oscillator Rating on Genocea Biosciences, Inc. (NASDAQ:GNCA) is a “Buy”. The Moving Average Rating is sitting at a “Strong Sell”. Traders may use these signals in conjunction with other indicators in order to set up the chart for future trading success.
The HMA or Hull Moving Average for the stock is presently 3.51794074. The HMA may help with technical analysis by reducing lag and heightening responsiveness. Traders often find that following this indicator helps with reduction of noise.
As traders scan the equity market, they may be using Simple Moving Averages to help figure out where a stock is headed. Following some SMA levels, we can see that the 10 day is 3.65, the 20 day is 3.702335, and the 30 day is 3.76833667. Tracking some other time periods, we note that the 50 day SMA is 3.919314 , the 100 day is 4.6693756 , and the 200 day SMA is currently 5.1510318.
Traders checking the pulse on shares of Genocea Biosciences, Inc. (NASDAQ:GNCA) will note that since the opening price of 3.52, the stock has moved 0.01. During the session, the stock has hit a low of 3.48 and reached a high of 3.58. Volume on the day is around 88282.
Dedicated traders will often pay close attention to Exponential Moving Average levels. EMA study can help guide traders when gauging market strength. We can see the following EMA levels on the stock:
30 day Exponential Moving Average: 3.79767362
50 day Exponential Moving Average: 4.01964036
100 day Exponential Moving Average: 4.43434101
10 day Exponential Moving Average: 3.62343795
20 day Exponential Moving Average: 3.7012459
200 day Exponential Moving Average: 4.76575506
Traders following Donchian Channels can see that the 20 day upper band is 3.938 and the 20 day lower band is 3.41. These channels are used by technicians to help spot possible breakouts, and they may also be used to confirm a defined trend.
Genocea Biosciences, Inc. (NASDAQ:GNCA) has drawn the attention of traders as the price has moved 0.85714286% since the open. The prior session close was noted at 3.53. Looking back over the last month, we note that the stock’s high point was seen at 4.1805.
Investors following Genocea Biosciences, Inc. (NASDAQ:GNCA) can see that the stock most recently closed at 3.53
Past 3 months: -35.06969919
One year change: -42.37530929
Past week: -6.84210526
Past month: -0.28169014
When it comes to the stock market, many traders rely on technical analysis to identify trades. With technical analysis, it is generally believed that stock price movements follow trends. When the trend is determined, the thought is that price movements in the future are more likely to go in the same direction as the trend, and not against it. Another aspect of technical analysis is the idea that history tends to repeat itself especially regarding the movement of the stock’s price. Technical analysts will use chart patterns to help study market moves and identify these trends. Some traders will use highly complex charts while others may only follow a few major indicators.