Uncategorized

Keltner Channels in Focus for Erie Indemnity Company (NASDAQ:ERIE): 20 Day Upper Keltner Reaches 221.3661046

There are plenty of different types of stocks that investors have to choose from. Some will opt to be more aggressive with their portfolios while others will choose to play it a bit safer. Blue chip stocks include companies that typically have a high market cap and have been profitable over a long period of time. Growth stocks are typically expected to have a high P/E ratio and a low dividend yield. The idea is that a growth stock will continue to expand and grow into the future. Many investors will be searching for value stocks. Value stocks are typically cyclical in nature and investors may be looking to buy and hold these types rather than try to squeeze out some short-term profits.

Traders following shares of Erie Indemnity Company (NASDAQ:ERIE) may have noted that the stock most recently closed at 219.32. Going back a full-year, the stock has seen a change of 73.60088657 over that stretch. Taking the focus in to more recent action, shares have seen a move of 2.08061813 over the last week. Over the prior month, the stock has moved -0.80061516. Over the past three months, the stock has moved 2.04736867.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings on shares of Erie Indemnity Company (NASDAQ:ERIE):

Ichimoku Cloud Base Line: 216.56
Ichimoku Cloud Conversion Line: 213.6
Ichimoku Lead 1: 230.03
Ichimoku Lead 2: 241.065

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 213.823, the 20 day is 217.64175, and the 30 day is 218.1311133. Tracking some other time periods, we note that the 50 day SMA is 219.884232 , the 100 day is 240.015566 , and the 200 day SMA is currently 222.282768.

Tracking some one month stock pivot points, we note that the Classic Pivot is 218.7566667, the Classic resistance 1 is 223.4633333, and the Classic support 1 is presently 210.5133333. The Fibonacci one month pivot is 218.7566667 while the Fibonacci support 1 pivot is 213.8097667, and the Fibonacci support 2 is 210.7535667. Looking at one month Woodie pivot, we note the level at 218.0325. The Woodie support 1 pivot is 209.065, and the Woodie resistance 1 pivot is 222.015.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is -3.52129265. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Tracking the Hull Moving Average for Erie Indemnity Company (NASDAQ:ERIE), we note that the current level is 219.7372593. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for Erie Indemnity Company (NASDAQ:ERIE), we see that the Keltner Channels 20 day upper band is 221.3661046, and the 20 day lower band is212.8176964. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

As we close in on the end of the calendar year, investors may be trying to visualize potential trades for the New Year. There are many professionals that believe that there is still plenty of room for stocks to run even at current levels. Preparing the game plan for the next few quarters may give the investor some new ideas. Staying focused and maintaining discipline may help guide the investor to unchartered territory in the coming months. Tracking market events from multiple angles may also help provide some enhanced perspective.  

Leave a Reply

Your email address will not be published. Required fields are marked *

*