Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.
Conducting technical analysis of the stock may include following the Keltner Channel indicator. A recent check shows the 20 day lower band at 6.685826 and the 20 day upper band at 7.2019405 for Alpine Immune Sciences, Inc. (:ALPN). During a clearly defined trend, a break above or below these levels may point to the underlying strength of the trend. A break above the upper band may signal continuing bullish trend strength, and a break below the lower band may signal continuing bearish trend strength.
The SMA or Simple Moving Average can be calculated for different time periods. The SMA helps smooth out volatility and makes it a bit less difficult to gauge the price trend of a stock. Let’s view some popular SMA levels below for Alpine Immune Sciences, Inc. (:ALPN):
Simple Moving Average 20 day: 7.01
Simple Moving Average 100 day: 6.0603
Simple Moving Average 10 day7.148
Simple Moving Average 50 day: 5.8575
Simple Moving Average 30 day: 6.732333
Simple Moving Average 200 day: 7.4972
Investors tracking shares of Alpine Immune Sciences, Inc. (:ALPN) will note that since the stock opened at 7.47, shares have seen a change of -0.02. During that period, the stock has touched a low of 7.45 and tipped a high of 7.47. Volume on the day is presently 900.
The 20 day Chaikin Money Flow indicator is currently -0.27614775. This indicator was developed by Marc Chaikin who observed that the pressures of buying and selling could be figured out by where a period finishes relative to the range of highs and lows.
Traders may use a variety of moving average indicators when examining a particular stock. Checking on some Exponential Moving Averages, we note that the 200 day is 7.2556076, the 100 day is 6.493353, and the 50 day is 6.3932896. Zooming in closer, we note that the 30 day EMA is 6.6776977, the 20 day is 6.9438834, and the 10 day is noted at 7.2495065.
Traders might be keeping tabs on the Hull Moving Average. The current HMA reading is 7.76463. Traders may use the HMA to help identify the prevalent market trend. This may also lend to spotting useful exit and entry points on the stock.
Investors will typically be keeping track of historical highs and lows for a particular stock that they are researching. Watching levels for Alpine Immune Sciences, Inc. (:ALPN, we can see that the all time high is currently 81.72, and the all time low is 3.66. Let’s look at some alternate high/low price data:
Six month low: 3.66
Six month high: 8.2436
One year low: 3.66
One year high: 10.57
Three month low: 5.104
Three month high: 8.2436
One month low: 6.61
One month high: 8.2436
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.