Circling the Wire: Hull MA at 54.418888 for MTS Systems Corporation (NASDAQ:MTSC)

Investors may be trying to get a read on the next big stock market move. Projecting which stocks are ready to make a run can be tricky. Many investors will track the market from various angles in order to make the best educated decisions. Keeping tabs on all the important economic indicators can help when analyzing the overall health of the stock market. Some financial strategists may be projecting a sharp downturn over the next few months while others believe that there is no tangible reason for the market to lose the near-term momentum.

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 MTS Systems Corporation (NASDAQ:MTSC):

Ichimoku Cloud Base Line: 53.63
Ichimoku Cloud Conversion Line: 53.87
Ichimoku Lead 1: 53.7125
Ichimoku Lead 2: 51.87

Traders following shares of MTS Systems Corporation (NASDAQ:MTSC) may have noted that the stock most recently closed at 54.34. Going back a full-year, the stock has seen a change of 1.5715622 over that stretch. Taking the focus in to more recent action, shares have seen a move of 2.3760135 over the last week. Over the prior month, the stock has moved 2.2988505. Over the past three months, the stock has moved 20.859306.

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 53.844, the 20 day is 53.372, and the 30 day is 53.703835. Tracking some other time periods, we note that the 50 day SMA is 53.4961 , the 100 day is 50.2476 , and the 200 day SMA is currently 48.53815.

Tracking some one month stock pivot points, we note that the Classic Pivot is 53.363335, the Classic resistance 1 is 54.546665, and the Classic support 1 is presently 52.536667. The Fibonacci one month pivot is 53.363335 while the Fibonacci support 1 pivot is 52.595512, and the Fibonacci support 2 is 52.121155. Looking at one month Woodie pivot, we note the level at 53.6075. The Woodie support 1 pivot is 53.025, and the Woodie resistance 1 pivot is 55.035.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 0.33707353. 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, we note that the current level is 54.418888. 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.

As the next company earnings season comes into focus, investors may be closely following the numbers as they are released. Some investors will choose to stay away from any big trades during earnings season. Others will opt to try to capitalize on stock price fluctuations that may occur before and after the earnings report. Wall Street analysts may be getting ready to make estimate revisions over the next couple of weeks. Investors have the ability to follow analyst estimates and recommendations when undertaking stock analysis. Investors may choose to review analyst projections and then make their own decisions on what they think the company will report for the quarter.

Expanding the technical focus for MTS Systems Corporation (NASDAQ:MTSC), we see that the Keltner Channels 20 day upper band is 54.17531, and the 20 day lower band is53.235226. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

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