Technical Stock Update: 20D Lower Donchian at 7.775 for Wesco Aircraft Holdings, Inc. (NYSE:WAIR)

Stock market players may have differing opinions on which type of research approach is best. Individual investors who prefer buy and hold strategies may be more likely to be studying the fundamentals. Traders that are constantly buying and selling shares may be more concerned with technical analysis. High frequency traders may be willing to take on more risk entering the market. For these types of traders, entry and exit points become far more important. Traders may be relying solely on charts in order to capture profits based on day to day, hour to hour, or minute by minute price fluctuations. Long term investors may not be as concerned with the daily ups and downs of the market. 

Watching volatility readings, we can see the current value for Wesco Aircraft Holdings, Inc. (NYSE:WAIR) is 2.0531402. Volatility for the week stands at 3.177602, and the monthly reading is 4.0148706. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. Tracking the Bull Bear Power, we note that the stock is presently 0.28956622.

Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) ended last session at 8.45. Following today’s trade, we note that the stock has moved 0.8353222% since the opening bell. The company has a current market cap of 840845600. The stock’s high price over the last month is presently 8.85.

Checking in on the Awesome Oscillator, we see that the reading is 0.3011338. Traders may follow this oscillator to measure market momentum. Created by Bill Williams, the Awesome Oscillator calculates the difference of the 5 period and 34 period SMA.

Donchian Channels may be useful for technical traders. The primary function of the indicator is to measure volatility. The bands will widen when volatility is high, and they will become narrow with low volatility. The 20 day upper band level is 8.51. For the same period, the lower band level is 7.775.

Trading on volume of 75538, Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has seen a change from the open of 0.07 since the stock opened at 8.38. Monitoring today’s activity, the stock has hit a high point of 8.45 and slipped to a low of 8.37. 

The 20 day Keltner Channels upper envelope is 8.391978. The 20 day Keltner Channels lower envelope is 8.041889. The Keltner Channels indicator was introduced by Chester Keltner in his book How to Make Money in Commodities. Keltner’s ideas have since been expanded upon and are widely used by technical traders.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is 0.21611299. Traders will watch to see if the indicator can help confirm an ongoing trend. In the midst of a bullish trend, the CMF value staying above zero may point to continuous buying pressure and the possibility of a sustained rise in price. In the midst of a bearish trend, the CMF value staying below zero may show continuous selling pressure and the possibility of continued price decline.

Scanning the equity market, we note that the stock’s current Oscillator Rating is showing “Buy”. Traders will take note of many different factors when examining a stock’s health. Flipping over to the Moving Average Rating, we see that the current sentiment is pointing to a “Buy”.

Investors may be wondering what’s in store for the next few months in terms of the equity market. Many investors may be hesitant to get into the mix with markets still trading at such high levels. Sometimes, the fear of missing out on the next big run will cause investors to make hasty decisions. Taking the time to do the full research can help offset the jitters associated with picking stocks. Finding stocks that still have room to head higher can be tricky, but there are still plenty of them out there. Although nobody can say for certain which way the market will trend into the New Year, investors should be on the lookout for opportunities that may present themselves over the next quarter. All eyes will be focused on company earnings when the next round of earnings reports begins.  

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