NRB Bearing Limited (NRBBEARING.NS) Stock Value Drops By -12.81% Over Past Four Weeks

Investors following shares of NRB Bearing Limited (NRBBEARING.NS) may have seen that the stock has slid -12.81% over the last 4 weeks. Viewing out over the last half-year, shares have seen a change of 2.32%. Watching performance over the past 52-weeks, shares have moved 23.69%. Over the last 5 trading periods, shares have moved -0.08%. 

There is no shortage of financial news and opinions as we live in the age of the 24 hour news cycle. Headlines and expert opinions seem to be around every corner when dealing with the share market. Trying to keep up with all the swirling news can make ones head spin. Even though there may be some significant news mixed in, a lot of the headlines may not be worth paying much attention to. Figuring out what information is useful may take some time for the investor to determine. Once the filter is in place, investors may find it much clearer to focus on the critical data. Making investment decisions solely based on news headlines may end up causing the portfolio to suffer down the line. 

The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to sum whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 43.86, the 7-day stands at 44.50, and the 3-day is sitting at 47.55.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps sum oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time stage. A common look back stage is 14 days. NRB Bearing Limited (NRBBEARING.NS)’s Williams %R at present stands at -59.69. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

Taking a peek at some Moving Averages, the 200-day is at 177.36, the 50-day is 198.65, and the 7-day is sitting at 187.02. The moving average is a prime gadget among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific stage of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to assist the trader determine proper support and resistance levels for the stock.

The Average Directional Index or ADX is a prime technical indicator designed to assist sum trend strength. Many traders will use the ADX in combination with other indicators in order to assist formulate trading strategies. At present, the 14-day ADX for NRB Bearing Limited (NRBBEARING.NS) is 26.89. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to sum trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can assist decipher the trend direction as well.

Traders may be relying in part on technical stock analysis. NRB Bearing Limited (NRBBEARING.NS) currently has a 14-day Commodity Channel Index (CCI) of 9.94. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically remain within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

High yielding stocks can be very tempting for investors. Trying to maximize the return on every dollar invested is a goal of many individuals. What investors have to remember is that the stocks that promise the highest return potential may also be some of the riskiest to own. Because past performance can’t guarantee future results, investors may have to do some further research when adding high exposure stocks to the portfolio. Most investors are always on the lookout to spot that next big stock winner before everyone else. Making sure that they are not adding too much further exposure when doing this may be the key to keeping the portfolio balanced. 

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