Donchian Channels Under Review for This Stock: Greenlight Capital Re, Ltd. (NASDAQ:GLRE): 20 Day Upper Donchian is 11.35

Once the investor has calculated risk and decided on a suitable time horizon, they may be wondering how to best start doing research on particular stocks and the market in general. Working from the top and filtering down, investors may start by studying the overall economy, specific industries, and other markets. Economic trends can have an influence on company earnings, and it is generally beneficial to be aware of what is going on locally and around the globe. Individual investors may decide that they want to start from the bottom and work their way up. This may involve studying specific stocks and looking for ones that are strong, cheap, and solidly performing on the earnings front. Some individuals will combine both methods with the goal of understanding all aspects that could possibly affect the stock market. 

Donchian Channels may be useful for technical traders. The primary function of the indicator is to measure volatility. The bands will widen when volatility is high, and they will become narrow with low volatility. The 20 day upper band level is 11.35 on shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE). For the same period, the lower band level is 9.76.

Trading on volume of 128317, Greenlight Capital Re, Ltd. (NASDAQ:GLRE) has seen a change from the open of -0.08 since the stock opened at 10.27. Monitoring today’s activity, the stock has hit a high point of 10.31 and slipped to a low of 10.09. 

The 20 day Keltner Channels upper envelope is 10.802745. The 20 day Keltner Channels lower envelope is 10.223946. The Keltner Channels indicator was introduced by Chester Keltner in his book How to Make Money in Commodities. Keltner’s ideas have since been expanded upon and are widely used by technical traders.

Watching volatility readings, we can see the current value for the stock is 4.1791043. Volatility for the week stands at 4.2698526, and the monthly reading is 4.21043. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. Tracking the Bull Bear Power, we note that the stock is presently -0.37875468.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is 0.10347007. Traders will watch to see if the indicator can help confirm an ongoing trend. In the midst of a bullish trend, the CMF value staying above zero may point to continuous buying pressure and the possibility of a sustained rise in price. In the midst of a bearish trend, the CMF value staying below zero may show continuous selling pressure and the possibility of continued price decline.

Scanning the equity market, we note that the stock’s current Oscillator Rating is showing “Sell”. Traders will take note of many different factors when examining a stock’s health. Flipping over to the Moving Average Rating, we see that the current sentiment is pointing to a “Strong Sell”.

Checking in on the Awesome Oscillator, we see that the reading is -0.54259413 for Greenlight Capital Re, Ltd. (NASDAQ:GLRE). Traders may follow this oscillator to measure market momentum. Created by Bill Williams, the Awesome Oscillator calculates the difference of the 5 period and 34 period SMA.

When conducting stock analysis, investors have a wide array of various classifications to choose from. Growth stocks generally have the potential to produce above average profit growth and revenues. These types of stocks tend to expand quicker than the economy as a whole. Investors also have the option of adding cyclical stocks to the portfolio. Cyclicals are generally companies whose earnings and sales are highly correlated with that of the overall economy. When the economy is doing well, cyclical stocks may be more in favor. Investors may decide to go in another direction when the economy is dragging. When an economic downturn is underway, investors may choose to select defensive stocks. These types of stocks generally stand up well during down periods based on their insulation from the business cycle. Investors also have the option of purchasing foreign stocks to help add some diversity to the portfolio. 

Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ended last session at 10.19. Following today’s trade, we note that the stock has moved -0.48828125% since the opening bell. The company has a current market cap of 369685020. The stock’s high price over the last month is presently 11.82.