Active investors are typically interested in the factors that drive stock price movements. Buying an individual stock means that you own a piece of the company. The hope is that the company does very well and becomes highly profitable. A profitable company may decide to do various things with the profits. They may reinvest profits back into the business, or they may choose to pay shareholders dividends from those earnings. Sometimes stocks may eventually become undervalued or overvalued. Spotting these trends may lead to further examination or the underlying fundamentals of the company. A company that continues to disappoint on the earnings front may have some issues that need to be addressed. It is highly important to make sure all the research is done on a stock, especially if the investor is heavily weighted on the name. Sometimes earnings reports may be good, but the stock price does not reflect that. Having a good understanding of the entire picture may help investors better travel the winding stock market road.
Traders following the stock may be watching SMA or Simple Moving Average Levels. Many traders will be watching out for when the shorter-term averages cross above the longer-term averages as this may point to the start of an uptrend. Let’s look at the following SMA readings for Holly Energy Partners, L.P. (NYSE:HEP):
SMA 50 day: 28.8671
SMA 30 day: 28.791666
SMA 200 day: 29.24815
SMA 20 day: 28.5965
SMA 100 day: 29.3689
SMA 10 day28.483
Traders following the Hull Moving Average will note that the current level is 28.148851 on shares of Holly Energy Partners, L.P. (NYSE:HEP). The calculation uses the weighted moving average and it puts the emphasis on recent prices over older prices.
Technical analysis on the stock may include following the Keltner Channels indicator. Currently, the 20 day upper band is 28.854021. The 20 day lower band is noted at 28.26248. The KC indicator is considered a lagging indicator. Traders may use the values to help spot overbought and oversold conditions.
Traders following the Chaikin Money Flow indicator will note that the current 20 day reading is -0.4052567. The CMF value will fluctuate between 1 and -1. In general, a value closer to 1 would indicate higher buying pressure. A value closer to -1 would represent higher selling pressure.
Taking a look at some historical highs and lows for Holly Energy Partners, L.P. (NYSE:HEP), we see that the all time high is currently 44.89999, and the all time low is 7.465. Investors often pay added attention to a stock when it is nearing a historical high point or low point. For the last year, the high price is 34, and the low price stands at 26.085. For the last six months, the high was seen at 33.4, and the low was tracked at 27.02. If we move in closer, the three month high/low is 31.23/27.02, and the one month high/low is 29.85/27.87.
Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is currently 27.93. The 20 period upper band reading is 29.51. Donchian Channels can be used to gauge the volatility of a market. This is a banded indicator akin to Bollinger Bands.
Putting a closer focus on shares of Holly Energy Partners, L.P. (NYSE:HEP), we see that since the opening price of 28.21, the stock has moved -0.04. Tracking shares, we note that the consensus stock rating is Sell. Volume today clocks in around 11364. Over the course of the current session, the stock has topped out at 28.31 and seen a low price of 28.01. Investors will be putting 5/1/2019 on the schedule as the company is slated to next report earnings around that date.
Traders have the ability to use a wide range of indicators when studying stocks. Each trader will typically find a few indicators that they heavily rely on. The Ichimoku Cloud indicator works to identify trend direction, gauge momentum, and identify trading opportunities based on crossovers. We can view some Ichimoku indicator levels below:
Ichimoku Lead 1: 28.865
Ichimoku Lead 2: 29.635
Ichimoku Cloud Base Line: 28.8
Ichimoku Cloud Conversion Line: 28.695
As we sail into the second half of the calendar year, investors may be looking to see what has gone right and what has gone wrong so far this year. Making necessary changes to some holdings may help position investors for the next couple of quarters. Being able to cut the riskier losers and take some profits from winners may help solidify the stock portfolio. As we run through the next round of company earnings reports, investors will be keeping a close eye on the data that is reported. Investors may be looking to buy companies that continue to post beats on the earnings front, and cut ties with ones that are not hitting their marks.