Technical Lines in Focus for Emera Incorporated (EMRAF) as Pivot Hits $37.2465

Studying the short-term chart on shares of Emera Incorporated (EMRAF), we have noted that the current 20-Day Bollinger Bands signal is presently reading Hold. This indicator may be used to assist with identifying oversold and overbought conditions. The signal direction is currently Bearish. Following another signal, we note that the 10-day moving average Hilo channel reading is currently Sell. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of this signal has been spotted as reading Weakest.

Investors may be trying to decide if it is the right time to enter the equity market. Stocks have been performing well of late, and investors may be eager to catch the next potential move higher. When looking to put money into the stock market, investors might be working hard to create a strategy and choose specific stocks to add to the portfolio. Building a strategy can be tough, but sticking to a strategy can be even tougher. Sticking to the game plan when markets are in flux can greatly improve the investor’s chances of succeeding in the market. 

Investors may be tracking the average range on shares of Emera Incorporated (EMRAF). The stock currently has a 9 day average range of 0.3344. This a moving average of trading ranges over a 9 day time frame. With this value, higher numbers tend to occur at market bottoms while lower values may be spotted during extended sideways periods. Looking at the 9 day relative strength reading, we can see that the value is currently 59.38%. This technical momentum indicator compares the size of recent gains to recent losses helping to identify possible overbought and oversold conditions.

Shifting gears, we see that the opinion signal for the current session is 80% Buy for Emera Incorporated. Investors may also be watching the strength and direction of the opinion signals. The opinion direction is presently Average. This is a measurement over the last three trading sessions that gives an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is presently reading Strong. This is a longer-term measure verse the historical strength.

Emera Incorporated (EMRAF) currently has a standard deviation of -0.88. Standard deviation is defined as a measure of the dispersion from the mean in regards to a data set. When dealing with financial instruments, the standard deviation is applied to the annual rate of return to help measure the volatility of a particular investment. Watching the standard deviation may help investors see if a stock is primed for a major move. The stock’s current pivot is 37.2465. The pivot point is typically used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period.

Emera Incorporated (EMRAF)) currently has a 6 month MA of 33.4199. Investors may use moving averages for different reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may be watching when the stock price crosses a certain moving average and then closes on the other side. These moving average crossovers may be used to help identify momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the beginning of a downward move. On the other end, a cross above a moving average may indicatet a possible uptrend. Investors may be focused on multiple time periods when studying moving averages. Zooming out a bit further, we have noted that the 9 month moving average is currently 32.86.

When dealing with the volatility and unpredictability of the stock market, investors may have to learn how to deal with their emotions. There are many factors that can have a big impact on the portfolio. Maintaining discipline can be one of the most important factors. From time to time, investors will be overcome by fear during a large market selloff. On the other side, investors may become extremely excited during a widespread market move to the upside. When these situations occur, investors tend to make better decisions if they are able to keep emotions out of play and stick to the original plan. Buying and selling at the wrong time can lead to portfolio underperformance, and it may damage investor confidence in the future.