Equity market investors have plenty of information available to them when making stock selections. One of the toughest parts of selecting stocks may be figuring out which data to pay attention to. There are always swirling headlines in today’s financial news media. While some information may be highly important, other information may be much less important. Knowing exactly what to look for when doing stock research may take a lot of time to master. Investors who are able to stay highly focused may find it much easier to spot opportunities in the market. Once the investor knows what to look for, the stock market puzzle may be a bit easier to start piecing together.
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 8.81 on shares of NN, Inc. (NASDAQ:NNBR). For the same period, the lower band level is 7.68.
Trading on volume of 88534, NN, Inc. (NASDAQ:NNBR) has seen a change from the open of 0.04 since the stock opened at 7.95. Monitoring today’s activity, the stock has hit a high point of 8.03 and slipped to a low of 7.93.
The 20 day Keltner Channels upper envelope is 8.3496586. The 20 day Keltner Channels lower envelope is 7.88585289. 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.
Watching volatility readings, we can see the current value for the stock is 4.6692607. Volatility for the week stands at 3.75402747, and the monthly reading is 5.95837508. 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 -0.13483108. 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 “Buy”. 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”.
Checking in on the Awesome Oscillator, we see that the reading is -0.65538676 for NN, Inc. (NASDAQ:NNBR). 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.
Investors may be trying to decide which way the stock market will shift over the next couple of quarters. Having a general idea based on research is one thing, but constantly trying to time the market may lead to negative portfolio performance. Of course, overall market downturns can be frustrating to everyone invested in shares. Being able to ride out the day to day volatility and make proper investing decisions based on solid stock examination, may help the investor secure profits down the line. Investors who spend too much time focusing on stocks that have already made a run may find themselves in a sticky situation if they get into the name to late. Just because a certain stock has been going up for a long time, it doesn’t mean that the momentum will be sustained into the future. Taking the time to find quality stocks instead of just looking at the hot stock of the day, may allow investors to keep thriving in the market.
Shares of NN, Inc. (NASDAQ:NNBR) ended last session at 7.99. Following today’s trade, we note that the stock has moved 0.37688442% since the opening bell. The company has a current market cap of 328343947.8. The stock’s high price over the last month is presently 11.7.