The primary goal for some beginner traders might be just trying to survive. Traders that are disciplined with their money management may be able to better ride out the bumps that come with inexperience. Amateur traders tend to put too much at risk which can increase frustration during an extended losing streak. The more capital that is lost, the more difficult it can be to recover. Markets can be cruel, and traders that jump in without proper preparation can get pounded. Taking the time to carefully prepare before putting hard earned money at risk can help when the inevitable sticky situations arise.
Following trading action on shares of Aurora Cannabis Inc. (ASX:ACB), we see that the stock has moved -0.085 since the opening price of 9.145. So far, the stock has reached a high of 9.17 and dipped to a low of 9.01. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 231759.
Tracking some stock ratings for Aurora Cannabis Inc. (ASX:ACB), we can see that the stock’s Moving Average Rating is currently pointing to a “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 “Neutral”.
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: 9.062849
20 day Exponential Moving Average: 9.062924
30 day Exponential Moving Average: 8.931944
50 day Exponential Moving Average: 8.604438
100 day Exponential Moving Average: 7.9845643