As company earnings reports continue to roll in, investors will be watching to see which companies hit their numbers for the last reporting period. Investors will also be watching which sectors are reporting the best earnings numbers. A positive overall earnings season could mean that the stock market could keep climbing. Many investors may be cautious with the market trading at current levels. Even though the gloom and doom prognosticators are out in full force, investors have to do the research and decide for themselves which way they believe the market will move in the next couple of months.  

Checking in on the Awesome Oscillator, we see that the reading is -0.23129294 on shares of Iconix Brand Group, Inc. (NASDAQ:ICON). Traders may follow this oscillator to measure market momentum. Created by Bill Williams, the Awesome Oscillator calculates the difference of the 5 period and 34 period SMA.

Trading on volume of 83797, Iconix Brand Group, Inc. (NASDAQ:ICON) has seen a change from the open of -0.0295 since the stock opened at 0.82. Monitoring today’s activity, the stock has hit a high point of 0.8366 and slipped to a low of 0.7612. 

The 20 day Keltner Channels upper envelope is 0.98622493. The 20 day Keltner Channels lower envelope is 0.79609503. The Keltner Channels indicator was introduced by Chester Keltner in his book How to Make Money in Commodities. Keltner’s ideas have since been expanded upon and are widely used by technical traders.

Donchian Channels may be useful for technical traders. The primary function of the indicator is to measure volatility. The bands will widen when volatility is high, and they will become narrow with low volatility. The 20 day upper band level is 1.1399. For the same period, the lower band level is 0.6694.

Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) ended last session at 0.7905. Following today’s trade, we note that the stock has moved -4.73608098% since the opening bell. The company has a current market cap of 9056974.92. The stock’s high price over the last month is presently 1.65.

Watching volatility readings, we can see the current value for the stock is 14.66666667. Volatility for the week stands at 16.89882244, and the monthly reading is 14.83391207. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. 

Following the Chaikin Money Flow indicator, we note that the current 20 day value is -0.13755071. Traders will watch to see if the indicator can help confirm an ongoing trend. In the midst of a bullish trend, the CMF value staying above zero may point to continuous buying pressure and the possibility of a sustained rise in price. In the midst of a bearish trend, the CMF value staying below zero may show continuous selling pressure and the possibility of continued price decline.

Scanning the equity market, we note that the stock’s current Oscillator Rating is showing “Sell”. Traders will take note of many different factors when examining a stock’s health. Flipping over to the Moving Average Rating, we see that the current sentiment is pointing to a “Strong Sell”.

When undertaking stock analysis, investors might be searching for companies that are presently undervalued. Undervalued stocks may provide a higher chance of realizing big gains. Finding undervalued stocks that are high quality can be the biggest challenge for the investor. Many investors will dig into the numbers and look for companies that have been consistently making lots of money and performing well on the earnings front.