One of the most important factors that investors look at when examining stocks is the consistency of earnings results. When the quarterly earnings report is released, investors watch closely to see if the company is performing up to expectations. A company that fails to meet projections may see large price swings following the report. Of course one bad quarter may not signal trouble, but a company that continually disappoints during earnings season may need to be further examined to help figure out what is going on. Experienced investors will closely watch stock price movements before and after earnings events in order to gain a truer understanding of how the market is reacting to the reports.
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 for Bank of America Corporation (NYSE:BAC):
Ichimoku Lead 1: 29.02125
Ichimoku Lead 2: 28.79
Ichimoku Cloud Base Line: 28.8425
Ichimoku Cloud Conversion Line: 29.2625
Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is currently 28.02 on shares of Bank of America Corporation (NYSE:BAC). The 20 period upper band reading is 29.635. 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 Bank of America Corporation (NYSE:BAC), we see that since the opening price of 29.48, the stock has moved -0.18. Tracking shares, we note that the consensus stock rating is Buy. Volume today clocks in around 964319. Over the course of the current session, the stock has topped out at 29.49 and seen a low price of 29.26. Investors will be putting 4/16/2019 on the schedule as the company is slated to next report earnings around that date.
Taking a look at some historical highs and lows for Bank of America Corporation (NYSE:BAC), we see that the all time high is currently 55.08, and the all time low is 0.828125. 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 32.57, and the low price stands at 22.66. For the last six months, the high was seen at 31.37, and the low was tracked at 22.66. If we move in closer, the three month high/low is 29.72/22.66, and the one month high/low is 29.67/28.01.
Technical analysis on the stock may include following the Keltner Channels indicator. Currently, the 20 day upper band is 29.442122. The 20 day lower band is noted at 28.859276. 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 0.053575225. 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.
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:
SMA 50 day: 29.0211
SMA 30 day: 29.136833
SMA 200 day: 27.471275
SMA 20 day: 29.0205
SMA 100 day: 28.3925
SMA 10 day29.235
Individual investors often strive to create a solid strategy before trying to take on the market. Setting up realistic, attainable goals, may be a good place for the amateur to start. There are many different approaches that the investor can take when getting into the stock market. Some investors will try to follow strategies that have worked for others in the past. Sometimes this will work, and sometimes it will not. Markets and economic landscapes are constantly changing. A strategy that worked yesterday may not work again tomorrow. Investors who put in the time to do the necessary homework may find themselves much better off when the market decides to rear its ugly head at some point down the road.
Traders following the Hull Moving Average will note that the current level is 29.535593. The calculation uses the weighted moving average and it puts the emphasis on recent prices over older prices.