Investors are always looking for any little advantage when trading the stock market. Scouring all the various data regarding publically traded companies can be overwhelming at times. Once the investor becomes familiar with the basics, they may be able to dive in deeper and focus on the essentials. Creating a winning strategy may not occur overnight. There may be times when even the best crafted plan does not play out as expected. Being flexible and having the proper tools in place can help the investor see the clearer picture when markets get muddy.
Scanning the levels on shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 15/12.6. Over the past 1 month, the high/low is 15/13.6101. Looking back over the last full-year, the high price is 18, and the low price sits at 12.6. For the last six months, the high was seen at 17.9103, and the low was noted at 12.6.
Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ), we see that the stock’s latest close price was 14.81. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of 13.538462. Over the last full year, shares have moved -0.6060606. Bringing the focus in, the stock has changed 4.680851 over the past three months, 3.943662 over the last month, and 1.7931035 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.
Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels, we note that the Ichimoku Cloud Base Line level is 15.02. The Ichimoku Could Conversion Line reading is 13.97. From another angle, the Ichimoku Lead 1 is presently 16.0175, and the Lead 2 level is 14.955.
Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:
Fibonacci support 1: 14.45
Fibonacci support 2: 14.45
Woodie support 1: 14.81
Woodie resistance 1: 14.81
Classic resistance 1: 14.45
Classic support 1: 14.45
Looking at the stock’s volatility, we note that the current reading is 0.61635166. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 1.0573826 while volatility for the month comes in at 2.0331626. The current Bull Bear Power reading for the stock is 0.91836536.
The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 13.05. The current reading for the 20 day upper band is 16.99.
Technical analysts will note that the Awesome Oscillator reading is presently -0.7166765 on shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ). This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.
When the stock market starts to get volatile, investors might start getting worried about their investments. The natural response is to do something about it and take some action. Sometimes this may be necessary, but sometimes the best way to deal with volatility may be to wait it out and stay the course. It can be scary to watch the portfolio decline, and nobody wants to see their stocks taking a nosedive. Although there is no foolproof strategy to ride out market downturns, investors often agree that having a diversified stock portfolio may be the most logical defense.
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