Trading Notebook: 20 Day Lower Donchian Band at 50.93 for 2U, Inc. (NASDAQ:TWOU)

Traders may be looking to capitalize on market trends as we move into the second part of the calendar year. Closely following the technicals might help make sense of current market conditions. Investors may choose to follow many different technical signals, or they may have picked a few popular ones to dedicate themselves to. Whatever the strategy, staying in tune with fundamentals and meaningful economic data may also prove to be highly beneficial. Coming at the equity market from multiple angles may help supply the investor with alternate perspectives that could play a vital role in the next couple of quarters. 

Shares of 2U, Inc. (NASDAQ:TWOU) ended last session at 56.7. Following today’s trade, we note that the stock has moved -1.2711127% since the opening bell. The company has a current market cap of 3284212200. The stock’s high price over the last month is presently 59.94.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is 0.16167775 for 2U, Inc. (NASDAQ:TWOU). 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 “Sell”.

Watching volatility readings, we can see the current value for the stock is 2.4008536. Volatility for the week stands at 4.884629, and the monthly reading is 5.1307883. 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 0.42678198.

The 20 day Keltner Channels upper envelope is 57.892815. The 20 day Keltner Channels lower envelope is 54.349754. 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.

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 59.94. For the same period, the lower band level is 50.93.

Trading on volume of 562025, 2U, Inc. (NASDAQ:TWOU) has seen a change from the open of -0.655 since the stock opened at 57.355. Monitoring today’s activity, the stock has hit a high point of 57.39 and slipped to a low of 56.23. 

Checking in on the Awesome Oscillator, we see that the reading is 2.5283344. 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.

As we move into the second half of the year, investors may be focused on portfolio performance over the first part of the year. They may be trying to put all the pieces together in order to create a solid plan that will provide sustained profits, even if market conditions deteriorate. This may involve introducing more diversity into the portfolio. One investor may evaluate a stock completely different than another. It may be important to do the necessary research on the overall industry when searching for the next big winner. As the next round of earnings reporting gets underway, investors will be watching to see which companies are positioned for growth over the foreseeable future. Investors will optimally have all their requisite boxes checked when scouting out the next portfolio moves.