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Technical Watch: CCI Indicator Reading in Focus for Pembina Pipeline Cor (PBA) as it moves to Hold

Tracking the latest technical readings, we can see that shares of Pembina Pipeline Cor (PBA) have a current 60-day commodity channel index signal of Hold. The CCI indicator is generally used to identify overbought and oversold levels. The CCI signal direction is currently pointing to a Bullish. Turning the focus to the medium-term indicator on company shares, we note that the reading from the 40-day commodity channel index is presently Hold. The current direction of the signal is pointing to a Bullish.

When examining current stock market levels, investors who have been staying on the sidelines may be wondering if now is a good time to get back into the ring. Nobody can say for sure if momentum will continue to push to the upside, and investors may be overly cautious at this stage. Studying company financials and paying attention to pertinent economic data can help the investor make more educated decisions when it comes to the stock market. It is obviously very hard for a new investor to become highly successful in the stock market right out of the gate. Doing all the homework and dedicating the proper amount of time can help the investor get on the right track to accumulating profits down the road.

Tracking some alternate information, we have noted that the company’s current book value is 21.96. The book value is the per share value of a company based on its equity available to common shareholders for the trailing 12 months. Shifting gears, the company has a current interest coverage value of 7.24. This value measures a company’s ability to honor its debt payments. When the value is below 1, the company may not be generating enough cash from its operations to meet its interest obligations. Tracking current trading session activity on shares of (company), we can see that the stock price recently hit 37.07. Since the start of the session, the stock has managed to touch a high of 37.19 and drop to a low of 36.85.

Investors are often closely following recent stock price support and resistance levels. The support is a level where a stock may see a bounce after it has dropped. If the stock price can break through the first support level, the attention may move to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it hits a certain level of resistance. After a recent look, the stock’s first resistance level is 37.22. On the other side, investors are watching the first support level of 36.88. Investors may also want to take a longer-term look at company shares. According to the most recent information, the stock has a 52-week high of 37.19 and a 52-week low of 28.3. Staying on top of longer-term price action may help provide investors with a wider scope of reference when examining a stock.

As we move closer to the close of the year, investors will be closely watching the next round of company earnings results. Investors may choose to closely follow Wall Street analyst projections around earnings periods. Analysts will typically make adjustments to estimates as the earnings date approaches. Many investors will look to see which way the estimate revisions are trending heading into the earnings report. Once the release is published, analysts have the ability to make further updates based on actual information that the company provides.  

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