In a recent trade session, Corero Network Security (OTCMKTS:$CRREF) saw a bid of $8.25 in a recent session, with 6689 shares trading hands. The stock also saw 0% volatility.
Navigating the market as a potential investor can be difficult. There are a number of tools available to traders, and even more opinions on how to use them. There is no guaranteed method for profit, and markets are constantly changing and adjusting. However, proper research is an invaluable tool that any portfolio could benefit from. With this in mind, let’s take a look at some indicators for Corero.
First, we can look at the Average True Range. The ATR is a measure of stock volatility used to figure out price direction and detect general volatility. When reading the ATR, higher numbers indicate more volatility. Corero currently sits at an ATR of 0.91.
The Average Directional Index is a trend-spotting tool often paired with the Plus Directional Index and the Minus Directional Index. The ADX runs from 0 to 100, where a range of 0 to 20 indicates no trend, 20 to 25 indicates no clear trend, and 25+ indicates a trend with strength increasing parallel to the number. Corero currently has a 14-day ADX of 44.86.
We can also look at the Commodity Channel Index. The CCI, originally developed for use in the commodities market, can be used to spot oversold and overbought situations. It generally runs from -100 to +100, with -100 indicating a stock may be oversold and +100 indicating a stock might currently be overbought. Corero’s CCI sits at 0.
The Relative Strength Index is a useful tool for spotting overbought and oversold situations. It can also spot abnormal price activity and volatility. The RSI oscillates between 0 and 100, with anything over 70 hinting at an overbought situation, whereas anything under 30 hints at an oversold situation. The company currently has a-3 day RSI of 20.34, a 7-day RSI of 20.59, and a 14-day RSI of 29.60.
Finally, we can take a look at moving averages. Moving averages are the average stock price over any given time. They are useful for spotting peaks and valleys, filtering out daily price noise, and spotting upswing and downswings. They currently have a 7 day moving average of $8.25.
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