After a recent market scan, we can see that Tortoise Energy Independence F (NDP) shares have moved 12.96% higher over the past month. Tracking performance over the last 5 sessions, shares have moved 8.86%. Over the last half-year, shares have changed -19.62%. Over the last full year, shares have moved -7.69%.
The investing world can be an exciting yet scary place. It is an ever-changing environment filled with profits, losses, and everything in-between. There are always new challenges waiting right around the corner for the individual investor. Just when things seem stable and steady, some unexpected event can send markets into a tizzy. Most investors try hard to create a stock portfolio that can stand on its own during the stormy periods. Unsettling market conditions come with the territory, but knowing how to deal with these conditions can separate the winners from the losers over the long run.
After conducting extensive research and thoroughly combing through fundamentals and technicals, it may be time for the investor to make some tough buy or sell decisions. Investors may be keen to the notion that the frequency of being right in making decisions may not be as important as the magnitude of the correctness.
Technical traders may be looking at recent indicator levels on shares of Tortoise Energy Independence F (NDP). After a recent check, the 50-day Moving Average is 8.52, the 200-day Moving Average is 10.77, and the 7-day is noted at 9.85. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.
Tortoise Energy Independence F (NDP)’s Williams Percent Range or 14 day Williams %R is sitting at -21.43. Typically, if the value heads above -20, the stock may be considered to be overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold.
Traders may be leaning on technical stock analysis to help with investing decisions. Tortoise Energy Independence F (NDP) currently has a 14-day Commodity Channel Index (CCI) of 134.17. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. Currently, Tortoise Energy Independence F (NDP) has a 14-day ATR of 0.38. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.
Currently, the 14-day ADX for Tortoise Energy Independence F (NDP) is sitting at 30.58. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
Investing in the stock market offers the potential for big returns. On the flip side, investors can also experience major losses when trading equities. Investors are typically trying their best to maximize returns while limiting losses. Figuring out the best way to do this is no easy proposition. There may be periods where everything seems to be working out, and the returns are rolling in. There may be other times when nothing seems to be going right, and the losses start to pile up. Nobody can predict with pinpoint certainty which way the market will shift in the future. Preparing the portfolio for multiple scenarios can help the investor stick it out when the waters get choppy. Having a properly diversified stock portfolio may help investors ride out the turbulence when it inevitably takes control of the market.
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