Which Way Will The Needle Move Near-Term For Nevada Gold & Casinos (UWN) ?

Investors may be studying some short-term indicators on shares of Nevada Gold & Casinos (UWN). The current 7-day average directional indicator is Sell. This signal may be used to determine the market trend. The 7-day directional strength is Minimum . This trend strength indicator measures the signal based on historical performance where minimum would represent the weakest, and maximum would indicate the strongest. The 7-day average directional direction is currently Strengthening. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell.

For technical traders, support and resistance lines play an important role. The support line generally displays the lowest price that investors will let a stock trade. This means that the stock price is unlikely to drop under this level. When support lines are breached, chartists may be watching for shares to move lower until they reach the next support level. The resistance line is the exact opposite of the support line. The resistance level is typically the highest price that investors will allow the stock to trade at. Traders will carefully watch the stock price when a resistance level is broken. The thought is that the price will continue to move towards the next level of resistance. Traders and investors may use support and resistance lines for various purposes. One popular use of these lines is to identify possible entry and exit points for trades.

Shifting gears, we can see that the 10-day moving average Hilo channel is currently Hold. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of the signal is currently Falling.

Looking at some other short-term indicators, Nevada Gold & Casinos (UWN) has a 20-day moving average vs price of Buy. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal strength is Minimum and the direction has been noted as Average. The 20-50 day MACD Oscillator signal is presently Buy. The strength is presently Minimum and the direction is Average.

Focusing in on the 20-Day Bollinger Bands signal for Nevada Gold & Casinos (UWN), the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions.

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. 

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.