Zeroing in on Yesterday’s High Point: Ascena Retail Grp (ASNA) – Nelson Research

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Ascena Retail Grp (ASNA)’s high, the highest trade price, was $2.22, while the lowest trade price was $2.08.  Change is used to measure the difference between the current price and the settlement price of the previous day.  Change describes and measures data over a specific period of time.  Negative change indicates a declining performance and a positive change indicates an improved performance.  Analysts spend a lot of time interpreting change price.

The formula for finding change is by subtracting the previous time period from the most recent time period.   If a company trades at $20 at the end of the first quarter and $40 at the end of the second quarter, the change $40 minus $20, or $20.  Here we find the change to be positive, but by how much?  The price went up from $20 to $40, so it doubled.  In this example, the company’s stock price grew 100% in the first quarter.  Investors like change.  Change allows investors to make a profit.  In volatile markets, there are many opportunities for investors to make up for losses.  Prices are based on the change in price of assets.  Value is based on changing prices.  “Calls” make a bet that the price of the asset will increase, while “puts” bet that the price of the asset will go decrease.  More volatility means that there is more likely a chance for investors to make a profit.  Ascena Retail Grp (ASNA)’s share price changed $+0.09, with a percent change of +0.46%%.  Volume is the number of shares traded specific period of time.  Every buyer has a seller, and each transaction adds to the total count of the volume.  When a buyer and a seller agree on a transaction at a certain price, it is considered to be one transaction.  For example, if only ten transactions occur in a trading day, the volume for the day is ten.  Volume is used to measure the relative worth of a market move.  When the markets make a strong price movement, the strength of that movement depends on the volume over that period.  The higher the volume means the more significant the move.  Volume levels give clues about where to find the best entry and exit points.  Ascena Retail Grp (ASNA) experienced a volume of 2064400.

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.  Bar charts are used to quickly determine the level of volume and identify trends in 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 a commodity 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.  Ascena Retail Grp (ASNA)’s high over the last year was $9.11 while its low was $1.65. 

 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 Ascena Retail Grp (ASNA)’s is Average. 

Their opinion strength, a long-term measurement of signal strength vs. the historical strength, is 0.01.  Opinion strength ranges from Maximum, Strong, Average, Weak, Minimum.  A stronger strength is less volatile and a hold signal does not have any strength.  The Opinion Direction, a three-day measurement of the movement of the signal, an indication of whether the most recent price movement is going along with the signal.  Strongest, Strengthening, Average, Weakening, or Weakest.  A buy or sell signal with a “strongest” direction means the signal is becoming stronger.  A hold signal direction indicates where the signal is heading (towards a buy or sell): Bullish, Rising, Steady, Falling, or Bearish.  Ascena Retail Grp (ASNA)’s direction is 32% Sell.  Ascena Retail Grp (ASNA)’s Previous Opinion, he overall signal from yesterday, based on where the price lies in reference to the common interpretation of all 13 studies was -66.10.

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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