Tracking the HMA Level on These Shares: CNOOC Limited (NYSE:CEO): HMA Reading 176.558

Investors are typically trying to find solid stocks to add to the portfolio. When it comes to stock picking, there is no magic formula. There are various techniques that may provide better outcomes than others, but it’s how these techniques are put together and applied that can make all the difference. One of the keys to successful investing is the proper use of information. Everyone can see the vast amount of data that is available on publically traded companies. Being able to interpret the data could end up being the most important factor when it comes to successfully selecting stocks to buy. Taking the time to investigate a particular stock that looks attractive can be a smart move. Investors may be better served to not just jump on the hot stock of the day, but employ analysis that may help uncover some buried information. Good stocks are indeed out there, it may just take some time to figure out which ones they are.

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 for CNOOC Limited (NYSE:CEO), we can see that the 10 day is 176.187, the 20 day is 172.2725, and the 30 day is 170.28267. Tracking some other time periods, we note that the 50 day SMA is 168.2124 , the 100 day is 162.2645 , and the 200 day SMA is currently 168.8156.

Expanding the technical focus for CNOOC Limited (NYSE:CEO), we see that the Keltner Channels 20 day upper band is 174.68945, and the 20 day lower band is171.66913. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

Tracking the Hull Moving Average, we note that the current level is 176.558. 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.

Tracking some one month stock pivot points, we note that the Classic Pivot is 176.31667, the Classic resistance 1 is 179.13333, and the Classic support 1 is presently 174.59334. The Fibonacci one month pivot is 176.31667 while the
Fibonacci support 1 pivot is 174.58238, and the Fibonacci support 2 is 173.51094. Looking at one month Woodie pivot, we note the level at 175.935. The Woodie support 1 pivot is 173.83, and the Woodie resistance 1 pivot is 178.37.

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:

Ichimoku Cloud Base Line: 170.175
Ichimoku Cloud Conversion Line: 176.18
Ichimoku Lead 1: 166.185
Ichimoku Lead 2: 158.185

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 6.4679413. 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.

Traders following shares of CNOOC Limited (NYSE:CEO) may have noted that the stock most recently closed at 176.03. Going back a full-year, the stock has seen a change of 17.301798 over that stretch. Taking the focus in to more recent action, shares have seen a move of 1.9100538 over the last week. Over the prior month, the stock has moved 7.471159. Over the past three months, the stock has moved 10.756746.

Investors may be taking a look at certain business aspects when attempting to research a stock. Investors often look to see if the stock’s specific industry is on the rise. There may be a greater chance of success when investing in an industry that is rapidly growing. Investors may then want to see how the company stacks up within the industry. Many investors will look for stocks that are proven industry leaders. Industry leaders have the ability to influence pricing and not necessarily be susceptible to what other companies are doing around them. Investors may also be taking note of how a company invests in research and development. Companies that are focused on the future may have a competitive advantage over those who are too focused on the near-term.