$SURG Surge Holdings Inc (SURG) is One of Today’
Post# of 42179
Posted by PCN Staff Writer on January 30, 2019 at 12:05 pm
Volume is the number of shares traded over a specified time period. Every seller has a buyer, and every transaction is added to the total count of the volume. When a buyer and a seller agree on a transaction at a specific price, one transaction has occured. If fifty transactions occur in a trading day, the volume for the day is fifty. Volume can be used to measure the relative worth of a market move. When the markets make a big price movement, the strength of that movement is derived from the volume over that period. The higher the volume, the more significant the move. Volume give clues about the best entry and exit points. Surge Holdings Inc (SURG) had a volume of 84300.
Volume is an important measure of strength for traders and technical analysts because volume is the number of contracts traded. The market needs to produce a buyer and a seller for any trade to occur. The market price is when buyers and sellers meet. When buyers and sellers become very active at a certain price, this means that there is high volume.
A 52-week high/low is the highest and lowest share price that a stock has traded at during the previous year. Investors and traders consider the 52-week high or low as a crucial factor in determining a given stock’s current value while also predicting future price movements.
When an equity trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), investors usually show more interest as the price nears either the high or the low. One of the more popular strategies used by traders is to buy when the price eclipses its 52-week high or to sell when the price drops below its 52-week low. The rationale involved with this strategy says that if the price breaks out either above or below the 52-week range, there is momentum enough to continue the price fluctuation in a positive direction.
Surge Holdings Inc (SURG)’s high over the last year was $0.90 while its low was $0.1801.
Surge Holdings Inc (SURG)’s 52-Week Percent Change, the difference between the current price and the settlement price from 1 year ago, is -35.74%.
A “pivot point” is a technical analysis indicator used to glean the overall trend of the market over differing time periods. The pivot point itself is simply the average of the high, low and closing prices from the previous day’s trading. On the following day, any trading above the pivot point indicates ongoing bullish trends, while trading below the pivot point indicates a bearish trend.
Pivot point analysis is used in alongside calculating support and resistance levels, much like trend line analysis. In pivot point analysis, the first support and resistance levels are found by utilizing the width of the trading range between the pivot point and either the high or low prices of the previous trading day. Secondary support and resistance levels are found using the full width between the high and low prices of the previous trading day.
Pivot points are oft-used indicators for trading futures, commodities, and stocks. They are static, remaining at the same price level throughout the day. Five pivot point levels are generated by using data from the previous day’s trading range. These are composed of a pivot point and two higher pivot point resistances called R1 and R2 and also two lower pivot point supports called as S1 and S2. Surge Holdings Inc (SURG)’s Pivot Point is 0.5332. Its 1st Resistance Point is 0.5758 and its 2nd Resistance Point is 0.6177. The 1st Support Point is 0.4913 while its 2nd Support Point is 0.4487. Surge Holdings Inc (SURG)’s TrendSpotter Opinion, the signal from Trendspotter, a Barchart trend analysis system that uses wave theory, market momentum & volatility in an attempt to find a general trend, is Buy. Barchart Opinions show investors what a variety of popular trading systems are suggesting.
These Opinions take up to 2 years’ worth of historical data and runs the prices through thirteen technical indicators. After each calculation, a buy, sell or hold value for each study is assigned, depending on where the price is in reference to the interpretation of the study. Today’s opinion, the overall signal based on where the price lies in reference to the common interpretation of all 13 studies, for Surge Holdings Inc (SURG) is 64% Buy.
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Author: PCN Staff Writer
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