Trading Desk: Hull Moving Average Seen at 42.409443 for Monarch Casino & Resort, Inc. (NASDAQ:MCRI)

Stock market investors may be taking some time to review portfolio allocation. Rebalancing the portfolio may be necessary for some but not for others. Rebalancing the portfolio may help provide a strategy for when the market becomes highly volatile. This process may also help keep the investor buying low and selling high. Investors may also be looking at some different stocks to explore in the next few months. This may include reviewing some foreign markets or some new sectors that were previously not included in the stock portfolio. Completing all the necessary research is typically a good way to start building a more comprehensive pool of diversified stocks.  

Expanding the technical focus for Monarch Casino & Resort, Inc. (NASDAQ:MCRI), we see that the Keltner Channels 20 day upper band is 41.049145, and the 20 day lower band is38.78324. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

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 Monarch Casino & Resort, Inc. (NASDAQ:MCRI):

Ichimoku Cloud Base Line: 38.705
Ichimoku Cloud Conversion Line: 41.055
Ichimoku Lead 1: 38.973175
Ichimoku Lead 2: 39.33635

Traders following shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) may have noted that the stock most recently closed at 42.38. Going back a full-year, the stock has seen a change of -4.5055194 over that stretch. Taking the focus in to more recent action, shares have seen a move of 13.433235 over the last week. Over the prior month, the stock has moved 7.6708155. Over the past three months, the stock has moved -5.862758.

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 40.982, the 20 day is 39.24, and the 30 day is 38.457836. Tracking some other time periods, we note that the 50 day SMA is 38.736603 , the 100 day is 39.009754 , and the 200 day SMA is currently 42.303997.

Tracking some one month stock pivot points for Monarch Casino & Resort, Inc. (NASDAQ:MCRI), we note that the Classic Pivot is 38.646667, the Classic resistance 1 is 39.993332, and the Classic support 1 is presently 37.90333. The Fibonacci one month pivot is 38.646667 while the Fibonacci support 1 pivot is 37.848286, and the Fibonacci support 2 is 37.355045. Looking at one month Woodie pivot, we note the level at 38.8275. The Woodie support 1 pivot is 38.265, and the Woodie resistance 1 pivot is 40.355.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 3.2487352. 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.

Investors often have to calculate risk/reward scenarios when navigating the equity market. Keeping track of alternatives and gauging the likelihood of certain outcomes can help with designing a legitimate strategy. When all the research and planning has been completed, there may come a time when the investor has to make a decision and get ready to take some action. There will obviously be some trades that work out great and others that don’t. Accepting the fact that this is part of the process can help keep the investor focused on the next trade instead of lamenting the past. 

Tracking the Hull Moving Average, we note that the current level is 42.409443. 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.

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