Investors tracking shares of Delta 9 Cannabis Inc (NINE.V) may have taken notice that the stock has risen 3.00% over the last 4 weeks. Tracking back over the last half-year, shares have seen a change of -25.90%. Looking out over the past 52-weeks, shares have moved -8.85%. Watching the last 5 trading periods, shares have changed 1.98%.
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.
Traders may be focusing in on the ATR or Average True Range indicator when performing stock analysis. At the time of writing, Delta 9 Cannabis Inc (NINE.V) has a 14-day ATR of 0.06. The average true range indicator was developed by J. Welles Wilder in order to measure volatility. The ATR may assist traders with figuring out the strength of a breakout or reversal in price. It is important to note that the ATR was not designed to determine price direction or to predict future prices.
We can also take a look at the Average Directional Index or ADX of the stock. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion