When it comes to investing, overconfidence can be detrimental to securing profits in the stock market. When investors have some early short-term wins, this may lead them to believe that it is their skill and superior knowledge that produced the winners. All though this may occasionally be the case, investors may quickly realize that it is very hard to consistently produce winning results. Sometimes a few wins can lead the investor to believe that they can make any trade work. This may create a situation where the individual gets in much deeper than they should have. Conducting the proper stock research before any trade can help the investor make sure that they are getting into a position for the right reasons.

There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots on shares of Proto Labs, Inc. (NYSE:PRLB), we see that the Woodie pivot is currently at 98.485. The Woodie support 1 pivot is 94.88, and the Woodie resistance 1 pivot is 105.92. The Camarilla one month pivot is presently 97.63333333. The one month Classic pivot is 97.63333333 and the Classic resistance 1 is 104.2166667 while the Classic support 1 pivot is measured at 93.17666667.

Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Strong Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Sell”.

Following trading action on shares of Proto Labs, Inc. (NYSE:PRLB), we see that the stock has moved -0.88 since the opening price of 110.11. So far, the stock has reached a high of 111.08 and dipped to a low of 109.16. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 58335.

Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:

10 day Exponential Moving Average: 106.2985451
20 day Exponential Moving Average: 102.8711217
30 day Exponential Moving Average: 101.0596453
50 day Exponential Moving Average: 99.90516414
100 day Exponential Moving Average: 100.6657949
200 day Exponential Moving Average: 103.5036332

Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 91.05. The 20 day upper band is 111.08. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.

Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.23274526. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.

The Awesome Oscillator reading is currently 10.88675265 for Proto Labs, Inc. (NYSE:PRLB). Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.

When it comes to investing, overconfidence can be detrimental to securing profits in the stock market. When investors have some early short-term wins, this may lead them to believe that it is their skill and superior knowledge that produced the winners. All though this may occasionally be the case, investors may quickly realize that it is very hard to consistently produce winning results. Sometimes a few wins can lead the investor to believe that they can make any trade work. This may create a situation where the individual gets in much deeper than they should have. Conducting the proper stock research before any trade can help the investor make sure that they are getting into a position for the right reasons.

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