Stock Watch: Hull Moving Average at 33.063965 for SPDR S&P Oil & Gas Explor & Prodtn ETF (:XOP)

Some traders may be using technical analysis to try and beat the stock market. There are many different indicators that traders have at their disposal. The sheer amount of indicators may leave the trader wondering which ones to use. Studying different technical indicators and signals may be worthwhile and educational, but the average investor may only end up focusing on a couple different indicators that actually work. Finding which indicators to follow and trade on may take some time and effort. Scoping out the proper signals and figuring out which ones tend to work the best may be on the minds of many traders. Trying to follow too many technical indicators might not be the best idea, and it may even cause more confusion. Once the signals have been chosen, traders may spend a lot of time back testing strategies before diving into the market.

Tracking the Hull Moving Average for SPDR S&P Oil & Gas Explor & Prodtn ETF (:XOP), we note that the current level is 33.063965. 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.

Expanding the technical focus for SPDR S&P Oil & Gas Explor & Prodtn ETF (:XOP), we see that the Keltner Channels 20 day upper band is 34.08833, and the 20 day lower band is32.74813. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

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 32.9, the 20 day is 33.2965, and the 30 day is 33.872334. Tracking some other time periods, we note that the 50 day SMA is 34.876156 , the 100 day is 38.32863 , and the 200 day SMA is currently 40.03917.

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: 33.7625
Ichimoku Cloud Conversion Line: 32.81905
Ichimoku Lead 1: 36.42
Ichimoku Lead 2: 39.23

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is -1.3236033. 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 SPDR S&P Oil & Gas Explor & Prodtn ETF (:XOP) may have noted that the stock most recently closed at 32.79. Going back a full-year, the stock has seen a change of -9.936865 over that stretch. Taking the focus in to more recent action, shares have seen a move of 0.95384616 over the last week. Over the prior month, the stock has moved -9.037982. Over the past three months, the stock has moved -22.508266.

Tracking some one month stock pivot points, we note that the Classic Pivot is 33.163334, the Classic resistance 1 is 34.056667, and the Classic support 1 is presently 31.546667. The Fibonacci one month pivot is 33.163334 while the Fibonacci support 1 pivot is 32.204514, and the Fibonacci support 2 is 31.612154. Looking at one month Woodie pivot, we note the level at 33.2375. The Woodie support 1 pivot is 31.695, and the Woodie resistance 1 pivot is 34.205.

Novice investors might be striving to create a trading strategy that produces results in the equity market. Once all the research is complete and the stocks are picked, they may need to decide what kind of time frame they will be working with in terms of buying and selling. Some investors will be making longer-term term plays, and others will be trying to make shorter-term moves. At some point, every investor will have to decide when to sell a winner and when to cut loose a loser. This can be one of the most difficult decisions to make. Investors may find it really hard to sell an underperforming stock when they still believe that it will turn around and move to profit. Waiting around for a turn around that may never come can lead to the undoing of a well crafted portfolio. Regularly staying on top of the markets may allow the investor to make educated buy or sell decisions when the time comes. This may involve following major economic data, studying company fundamentals, and checking in on historical price movement and trends. Investors who are able to keep their emotions in check might find themselves in a better position than those who let emotions get the best of them.