When it comes to investing, overconfidence can be detrimental to securing profits in the stock market. When investors have some early short-term wins, this may lead them to believe that it is their skill and superior knowledge that produced the winners. All though this may occasionally be the case, investors may quickly realize that it is very hard to consistently produce winning results. Sometimes a few wins can lead the investor to believe that they can make any trade work. This may create a situation where the individual gets in much deeper than they should have. Conducting the proper stock research before any trade can help the investor make sure that they are getting into a position for the right reasons.
There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots on shares of Agenus Inc. (NASDAQ:AGEN), we see that the Woodie pivot is currently at 3.06. The Woodie support 1 pivot is 2.93, and the Woodie resistance 1 pivot is 3.31. The Camarilla one month pivot is presently 3.03333333. The one month Classic pivot is 3.03333333 and the Classic resistance 1 is 3.25666667 while the Classic support 1 pivot is measured at 2.87666667.
Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Strong Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Neutral”.
Following trading action on shares of Agenus Inc. (NASDAQ:AGEN), we see that the stock has moved -0.01 since the opening price of 3.09. So far, the stock has reached a high of 3.12 and dipped to a low of 3.02. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 272229.
Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:
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10 day Exponential Moving Average: 3.06646972
20 day Exponential Moving Average: 3.0128425
30 day Exponential Moving Average: 2.96098381
50 day Exponential Moving Average: 2.88020519
100 day Exponential Moving Average: 2.7928405
200 day Exponential Moving Average: 2.76375618
Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 2.75. The 20 day upper band is 3.19. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.
Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.13178431. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.
The Awesome Oscillator reading is currently 0.14623941 for Agenus Inc. (NASDAQ:AGEN). Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.