There are many traders who think that proper psychology is one of the most important aspects of becoming successful in the stock market. Traders may need to learn how to become confident while overcoming certain fears and dealing with extreme ups and downs. This may not be easy as individuals all draw off of prior experiences at some level. Being able to convert outside success to the stock market may take some work. Traders who are able to overcome previous bias may be on the right path for having the proper mindset when entering the market.
Traders may use a variety of moving average indicators when examining a particular stock. Checking on some Exponential Moving Averages for EnLink Midstream, LLC (NYSE:ENLC), we note that the 200 day is 12.380459, the 100 day is 11.24774, and the 50 day is 10.843277. Zooming in closer, we note that the 30 day EMA is 10.778176, the 20 day is 10.7208185, and the 10 day is noted at 10.583934.
Conducting technical analysis of the stock may include following the Keltner Channel indicator. A recent check shows the 20 day lower band at 10.406839 and the 20 day upper band at 11.034797 on shares of EnLink Midstream, LLC (NYSE:ENLC). During a clearly defined trend, a break above or below these levels may point to the underlying strength of the trend. A break above the upper band may signal continuing bullish trend strength, and a break below the lower band may signal continuing bearish trend strength.
The 20 day Chaikin Money Flow indicator is currently 0.07630659. This indicator was developed by Marc Chaikin who observed that the pressures of buying and selling could be figured out by where a period finishes relative to the range of highs and lows.
The SMA or Simple Moving Average can be calculated for different time periods. The SMA helps smooth out volatility and makes it a bit less difficult to gauge the price trend of a stock. Let’s view some popular SMA levels below:
Simple Moving Average 20 day: 10.738
Simple Moving Average 100 day: 10.853361
Simple Moving Average 10 day10.727
Simple Moving Average 50 day: 11.03
Simple Moving Average 30 day: 10.864833
Simple Moving Average 200 day: 12.763579
Investors will typically be keeping track of historical highs and lows for a particular stock that they are researching. Watching levels for EnLink Midstream, LLC (NYSE:ENLC, we can see that the all time high is currently 42.88, and the all time low is 0.7456. Let’s look at some alternate high/low price data:
Six month low: 8.8975
Six month high: 17.65
One year low: 8.8975
One year high: 18.4
Three month low: 8.8975
Three month high: 13.45
One month low: 10.09
One month high: 12
Investors tracking shares of EnLink Midstream, LLC (NYSE:ENLC) will note that since the stock opened at 10.17, shares have seen a change of 0.19. During that period, the stock has touched a low of 10.1585 and tipped a high of 10.39. Volume on the day is presently 661731.
Traders might be keeping tabs on the Hull Moving Average. The current HMA reading is 10.105445. Traders may use the HMA to help identify the prevalent market trend. This may also lend to spotting useful exit and entry points on the stock.
Active investing may be highly stressful at times. Investors often set up trades with the best intentions, but have the tendency to let too much emotion seep into the situation. When dealing with the emotions of market stress, investors may need to figure out how to keep emotions in check in order to make the right decision. This may come easy to some but much harder for others. Because there is no one right way to trade, investors may have to experience certain scenarios for themselves. Creating a plan from the outset may help the investor when tough decisions need to be made. Keeping cool under pressure is a trait shared by many successful investors. When the investor is focused on a plan or specific trading system, this can make things a bit easier when times get tough.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.