Looking back at some historical performance on shares of SYNNEX Corporation (NYSE:SNX), we can see that the stock price performance for the last week is 3.83%. Tracking back further over the past month, the stock has performed 19.69%. For the last quarter, shares have performed 27.79%. Going back to the start of the calendar year, company shares are 19.69%. If we scroll back to the full year reading, shares have performed -20.46%. Investors may be trying to figure out if it is a good time to get into a certain stock, or whether to exit a position that has been a loser. Whatever the case, outperforming the market is on the minds of many dedicated equity investors.
Investors constantly have to weigh risk against reward when trying to extract profits and maximum value from the stock market. Making educated investment decisions typically requires dedication, rational thinking, and self-control. Once the individual investor starts developing good habits, they can start to eliminate the bad ones that may be costing them enormous amounts of hard earned money. Everybody is prone to make mistakes at some point, and being able to realize what contributed to the mistake can help with corrective actions. Repeating the same mistakes over and over again in the stock market will most likely lead the investor down the wrong path.
We can now shift our focus to some alternate company data on shares of SYNNEX Corporation (NYSE:SNX). The stock has a current ATR of 3.23. When applying indicators for technical analysis, traders and investors may choose to examine the ATR or average true range. The ATR measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. As we move into the second half of the year, investors may be looking to jumpstart their portfolios. Many equity investors may be wondering if the stock markets will find renewed energy and continue higher, or if a major correction is on the horizon.
Shares of SYNNEX Corporation (NYSE:SNX) have been recently spotted trading -24.75% off of the 52-week high price. On the other end, company shares have been noted 35.15% away from the low price over the last 52-weeks. Switching over to some distances from popular moving averages, we see that the stock has been recorded 3.97% away from the 200 day moving average. Moving closer, we can see that shares have been trading 7.39% off of the 20-day moving average. Investors may be closely following the current stock price in relation to moving averages. This may assist with figuring out if a breakout or reversal could be in the cards. Knowing when to ride the surge rather than stay on the sidelines, can be a difficult decision even for veteran investors.
Focusing on some other company information, we can see that SYNNEX Corporation (NYSE:SNX) has a beta of 0.66. Beta indicates the tendency of a stock’s returns to respond to market swings. A beta of 1 indicates that the stock price moves with the market. A beta under 1 indicates that the stock is less volatile than the market in theory. A beta value over one would indicate the opposite. In terms of volatility, shares have been noted at 2.35% for the week, and 3.46% for the past month. Investors often keep a close eye on any irregular stock volume. Traders and technical analysts have the ability to use volume to help measure the strength of a particular move. Investors may also view volume levels when the stock price is nearing significant support or resistance levels, in order to confirm a breakout in either direction.
Successful stock market traders generally have a keen ability to cut losses short and let winners run. This may sound easy, but novice traders have the tendency to actually extend losses and fail to secure profits. New stock market traders may encounter a few different scenarios when starting out. They may make a few early trades that prove to be big winners, or they may get taken to the cleaner right out of the gate. When a trader experiences big wins from the start, this may create an inflated sense of confidence. On the flip side, a string of early losses can be so discouraging that the trader throws in the towel without really even getting into the game.
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