March 16, 2019 at 1:17 pm

Trading Rundown: 20 Day LDB Touches 89.03 for Duke Energy Corporation ($NYSE:DUK$)


Looking at stock market performance over the last few months, new investors may be worried that they might have missed out on some fantastic opportunities. With so much information and data available, they may not even know where to begin when getting into the stock investing arena. Everybody has to start somewhere, and becoming knowledgeable about the basics may help provide the perfect springboard from which to launch. Starting with the basics may help the investor understand the bigger picture which can then be filtered down into specifics. Because there is no magic formula to achieving success in the stock market, investors may have to explore many different strategies before choosing one to run with.

Watching volatility readings, we can see the current value for Duke Energy Corporation (NYSE:DUK) is 0.8754433. Volatility for the week stands at 0.7910716, and the monthly reading is 1.1368816. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. Tracking the Bull Bear Power, we note that the stock is presently 0.88811225.

Shares of Duke Energy Corporation (NYSE:DUK) ended last session at 90.645. Following today’s trade, we note that the stock has moved -0.15970922% since the opening bell. The company has a current market cap of 65692705000. The stock’s high price over the last month is presently 91.075.

Checking in on the Awesome Oscillator, we see that the reading is 0.8215294. 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.

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 91.06. For the same period, the lower band level is 89.03.

Trading on volume of 82435, Duke Energy Corporation (NYSE:DUK) has seen a change from the open of -0.125 since the stock opened at 90.77. Monitoring today’s activity, the stock has hit a high point of 90.95 and slipped to a low of 90.62. 

The 20 day Keltner Channels upper envelope is 90.718925. The 20 day Keltner Channels lower envelope is 89.569214. 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.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is -0.17209265. 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 Buy”.

Investors may be diving into the latest company earnings reports trying to scope out some quality stocks to add to the portfolio. Nobody knows for sure which way overall market momentum will sway as we near the close of the calendar year. Investors may be getting ready to do a portfolio review to see which stocks are worthy to hold, and which ones have underperformed a may need to be unloaded. Regularly monitoring stock investments may keep the investor ready for any big market changes that may occur.